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In a recent report released by the New Mexico Department of Finance, the state has seen a record-breaking surge in revenue during the third quarter of 2025. The report, which covers the period from July to September, shows a significant increase in tax collections and other sources of income for the state.According to the report, tax collections were up 10% compared to the same period last year, with sales tax revenue showing the largest increase. This surge in revenue is attributed to a combination of factors, including a strong economy, increased consumer spending, and higher employment rates across the state.In addition to tax collections, the report also highlighted gains in other areas of revenue, such as licensing fees, fines and penalties, and federal funding. These additional sources of income have helped bolster the state's overall financial health and provide additional resources for critical services and infrastructure projects.Governor John Martinez released a statement praising the Department of Finance for their diligent work in managing the state's finances and ensuring that New Mexico remains in a strong financial position. "These record revenues are a testament to the hard work and dedication of our residents and businesses, and we will continue to invest in programs that benefit all New Mexicans," he said.Looking ahead, the Department of Finance is optimistic about the state's financial outlook for the remainder of the fiscal year. With continued economic growth and prudent financial management, officials believe that New Mexico will be able to maintain its strong revenue levels and continue to invest in the future of the state.Overall, the latest report from the New Mexico Department of Finance paints a positive picture of the state's financial health and sets the stage for continued growth and prosperity in the coming years.