Finance

New Mexico’s bond rating upgrade, explained: what changed, why it matters, and what could still go wrong

Moody’s upgraded New Mexico’s issuer rating to Aa1 from Aa2, citing governance and steps to reduce reliance on volatile oil-and-gas revenue. The move can lower borrowing costs over time, but analysts and officials are watching federal funding risks and the durability of the state’s revenue shift toward recurring investment income.

Clear Horizons Act: How New Mexico’s net-zero bill might affect you and your household budget

New Mexico lawmakers are set to introduce the Clear Horizons Act, a net-zero framework that would formalize statewide emissions targets and expand planning and reporting requirements. The central consumer question is cost: how compliance, grid investment, and fuel-market exposure could translate into utility bills and price volatility. What happens next in committee—and later in rulemaking—will determine whether “affordable energy” claims show up in measurable household outcomes.

What New Mexico’s SIC says its venture program is delivering

New Mexico's State Investment Council says its revamped Strategic Venture Capital Program has committed more than $1.8 billion to venture funds and is already tied to over $2 billion in in-state economic impact, as the agency highlights how a portion of its $71 billion sovereign wealth portfolio is being used to attract major projects to New Mexico.

How the 20% qualified business income deduction works

A popular federal tax break that allows eligible pass-through business owners to deduct up to 20% of qualified business income is now permanent, but the math gets complicated quickly at higher income levels. For 2025, the outcome hinges on taxable income thresholds and whether the business is classified as a specified service trade or business, which faces tighter limits.

CreativeCon Series Launches to Boost New Mexico’s Creative Economy

New Mexico is launching a statewide CreativeCon series in spring 2026 to support artists, entrepreneurs and creative business owners through education, networking and business development resources. The event series aims to strengthen the state’s creative economy, connect regional talent with state and local partners, and help creative professionals turn ideas into sustainable income streams.

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Albuquerque Breaks September Rainfall Record as Santa Fe Leads New Mexico Deluge

Albuquerque recorded its wettest September on record with 4.49 inches of rain, while Santa Fe led reported rainfall totals during a late-month storm that brought flooding concerns across New Mexico.

New Mexico Launches State Meat and Poultry Inspection Program, Becoming 31st State to Offer In-State Alternative

New Mexico has launched a state-run meat and poultry inspection program, giving local producers and processors a new pathway to inspect and sell products within state lines under Livestock Board supervision rather than federal oversight. Developed with the USDA, the program aims to ease access for smaller operations and strengthen local food systems.

‘We’ll Take Your Hand’: Tomasita’s Employees Find Temporary Work After Fire Forces Restaurant Closure

After a fire forced Tomasita’s to close last week, more than 25 of its employees have found temporary jobs at other establishments, allowing them to stay employed and earn income during the Balloon Fiesta.

Just Like a Movie: “Up”-Inspired 94-Balloon Cluster Soars at 2026 Albuquerque Balloon Fiesta

A 94-balloon cluster inspired by the iconic Disney-Pixar film “Up” became one of the standout sights at this year’s Albuquerque International Balloon Fiesta on Saturday. The cluster made its way to Arizona early Sunday morning.

Highland Middle School Teacher In Critical Condition After Allegedly Being Shot by 13-Year-Old Student

Special education teacher Kelly Matthews remains critically injured after he was allegedly shot by a 13-year-old student at Highland Middle School in Hobbs. Authorities said the shooting happened Friday, and the investigation is still ongoing.