Economy

Albuquerque will end Sunday, 311 call center operations, and expand weekday service hours beginning July 1. City officials say the changes will help reduce costs while maintaining support for residents seeking non-emergency city services.

In-N-Out Burger plans to open a third location in Albuquerque, further expanding its presence ahead of the chain's highly anticipated New Mexico debut. The proposal reflects growing consumer demand and the company's confidence in the Albuquerque market.

A wave of closures is hitting longtime New Mexico businesses, from beloved Albuquerque restaurants like The Farmacy and Bosque Brewing to family-owned shops. Surging operational costs and stagnant local spending power are exposing deeper vulnerabilities in a state overly reliant on volatile oil and gas revenues and government employment.

New Mexico is choosing to stash its portion of a landmark $4 billion oil lease windfall in dedicated trust funds instead of spending it immediately — a prudent move that could help stabilize the state’s finances for the long term. The decision represents a departure from the state's volatile energy past.

The Albuquerque City Council has approved a gradual increase in the city’s minimum wage, raising it to $15 an hour by 2030. Supporters say the measure will help working families cope with rising living costs, while businesses argue the phased approach gives employers time to adjust. The decision highlights the ongoing debate over wages, affordability and economic growth in New Mexico’s largest city.