Legislative Finance Committee

New Mexico’s property tax, with revenues that flow almost exclusively to local governments, is among the lowest in the country, but the low rates have forced the state to rely more on the gross receipts tax, a tax that is more volatile and regressive.

Larger hospitals will likely benefit most from a new program that multiplies hospital contributions, even though smaller hospitals in smaller communities are more likely to struggle financially.

Larger hospitals will likely benefit most from a new program that multiplies hospital contributions, even though smaller hospitals in smaller communities are more likely to struggle financially.

The state’s moderate national rank for access to physical and behavioral health is disconnected from its poor health outcome, but a lack of data makes it hard to determine the causes.

Despite the health and quality of life benefits of community recreational facilities, capital funding for these projects often comes second to other public safety and basic needs. However, a new grant program shows promise for more efficiently and effectively funding local recreation and quality of life projects.

While the oil and gas, retail, and government employment sectors have long been the foundation of New Mexico’s job makeup, diversification would create more opportunities for residents, stabilize government revenues, and improve per capita income.

The state collected $252.3 million than expected during the first half of the fiscal year, with revenue for July through December 2023 3.7 percent above the forecast. Through December, FY24 revenue is up 13.8 percent from FY23 revenue for the same period.

Four years after the pandemic spurred a surge in online higher education, online course-taking remains a substantial part of New Mexico higher education. In academic year 2022-23, 45 percent of New Mexico college credit hours were taken online, a 34 percent increase in online course-taking since academic year 2019-20.