Santa Fe Economy Slowed In January

By Corey Pein

Santa Fe's share of state gross receipts tax revenues, a measure of local spending, fell 5.71 percent in January, according to city finance director David Millican.

That monthly drop would make the

year-to-date decline 2.17 percent

—lower still than the 1.8 percent decline reported in

this week's Indicators column

, which used last month's numbers.

(Sorry, folks: The newest GRT figures came out too late on Monday to make the paper.)

Asked if there was any good news, Millican said he'd heard anecdotal evidence that February was kinder to Santa Fe's hoteliers than January, which was "awful."

Santa Fe Reporter

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