NMPolitics.net (https://nmpolitics.net/index/tag/economy/page/18/)
Ever-shrinking revenue projections caused by plummeting oil and gas prices have cast dark clouds over the budget and forced lawmakers to deal with the possibility of deep cuts. Whispers about the need for a special session are growing louder every day. Continue Reading
A Senate panel took another bite out of government spending Saturday, moving forward with a budget that as of now reduces basic government operations in New Mexico by $7.4 million starting July 1. Continue Reading
How is it even possible that state Auditor Tim Keller claims billions of dollars sit idle in state bank accounts when some of it can be used for construction projects around New Mexico? It’s complicated. Continue Reading
We need our leaders to fund a state budget that addresses our economic crisis and the needs of everyday New Mexicans. Continue Reading
We have the resources and means to turn the ship around. We need our elected leadership to rise to the challenge. Continue Reading
State Land Commissioner Aubrey Dunn said both Gov. Susana Martinez and state lawmakers waited too long to address the state’s revenue shortfall. Continue Reading
Deeper cuts are needed to keep the state solvent in the wake of tumbling energy prices and steadfast reluctance from Gov. Susana Martinez to raise taxes, according to Senate Finance Committee Chairman John Arthur Smith. Continue Reading
State Rep. Luciano “Lucky” Varela’s bill would have eliminated tax breaks for 43 businesses and groups including railroads, airlines, lottery retailers and even jockeys at racetracks. Continue Reading
An attempt by two Republican legislators to cut the wages of many of the state’s lowest-paid workers is dead. Continue Reading
The Republican-controlled House of Representatives on Saturday voted largely along party lines to pass a $6.3 billion budget. Continue Reading
The proposed budget would boost money for a handful of initiatives while cutting higher education and spending down reserves to the lowest level in years.
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Sen. John Arthur Smith said the proposal is a “backup” in case the state’s revenue picture takes another turn for the worse. Continue Reading
New Mexico House lawmakers Tuesday made it clear that a broom, not a chopping block, is the preferred tool to find money that can pay for basic government services in the wake of falling revenue. Continue Reading
This is an excellent time for us to reexamine how we develop our budget and to think about just how much we depend on a relatively small number of sources to fund state government. Continue Reading
The crash in energy prices has torn a monster hole in the state of New Mexico’s budget. Continue Reading