New Mexico State Profile

New Mexico property tax among lowest in nation; recession weakened revenues deepen budget shortfall; federal economic stimulus money will provide on-the-job training for older workers; taxpayer-subsidized health insurance enrollment capped.

• State job growth fell 3.7% in August 2009 from a year ago; national job growth fell 4.4%.
• State unemployment averaged 7.5% in August 2009; the national average was 9.7%
• Personal income fell 0.9% to $66.2 billion in Q2 2009 from a year ago.
• Tax revenue fell 30.8% in Q2 2009 from the previous year.
• Exports fell 21.5% to $656 million in the first seven months of 2009 from a year ago.
• Venture capital investment in NM fell 97% to $481,000 in Q2 2009 from a year ago.