A golden opportunity for change
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By Tom Taylor and Keith GardnerOn behalf of the House Republican caucus New Mexico is in the middle of a fiscal crisis and, once again, the Democrat majority refuses to make the necessary changes to ensure we have enough money for the next year. The House Republican caucus voted “no” last week on House Bill 2, the budget bill, because it will not fix New Mexico’s fiscal problems. The Legislature had a choice — use a Band Aid and temporary money or set a new course of change for the way business is done. This budget is unfair to New Mexicans and depends too heavily on the federal stimulus money that has not yet arrived. The state is gambling on the future based on overly optimistic projections of oil and gas revenues. There was a $450 million budget shortfall this year because, last August, the Legislature predicted oil and gas revenues to bring in more money than they actually did, then continued to spend that extra money without restraint. Continue Reading