{"id":2039,"date":"2007-07-31T08:03:00","date_gmt":"2007-07-31T14:03:00","guid":{"rendered":"http:\/\/www.nmpolitics.net\/index\/2007\/07\/lfc-370-million-available-for-capital-outlay-in-2008\/"},"modified":"2007-07-31T08:03:00","modified_gmt":"2007-07-31T14:03:00","slug":"lfc-370-million-available-for-capital-outlay-in-2008","status":"publish","type":"post","link":"https:\/\/nmpolitics.net\/index\/2007\/07\/lfc-370-million-available-for-capital-outlay-in-2008\/","title":{"rendered":"LFC: $370 million available for capital outlay in 2008"},"content":{"rendered":"<p class=\"MsoNormal\">Lawmakers will have a much smaller pot of capital outlay money to draw from next year than they did this year or in 2006.<\/p>\n<p class=\"MsoNormal\"><o:p> <\/o:p><\/p>\n<p class=\"MsoNormal\">According to a projection from the <a href=\"http:\/\/legis.state.nm.us\/lcs\/committeedisplay.asp?CommCode=ALFC\" target=\"_blank\">Legislative Finance Committee<\/a>, about $370 million will be available in 2008 for state building projects, the <a href=\"http:\/\/www.abqjournal.com\/news\/state\/582576nm07-31-07.htm\" target=\"_blank\">Albuquerque Journal<\/a> is reporting today. This year, there was about $1 billion available, and last year it was about $750 million.<\/p>\n<p class=\"MsoNormal\"><o:p> <\/o:p><\/p>\n<p class=\"MsoNormal\">Sen. <a href=\"http:\/\/legis.state.nm.us\/lcs\/legdetails.asp?Name=288&amp;Submit=Search\" target=\"_blank\">John Arthur Smith<\/a>, D-Deming and chair of the LFC, said lawmakers should focus this year on fully funding projects that currently only have partial funding, thereby reducing the $1.3-billion backlog in unspent funds.<\/p>\n<p class=\"MsoNormal\"><o:p> <\/o:p><\/p>\n<p class=\"MsoNormal\">That will be a tough sell to lawmakers who are up for re-election in 2008, he acknowledged to the newspaper.<\/p>\n<p class=\"MsoNormal\"><o:p> <\/o:p><\/p>\n<p class=\"MsoNormal\">It would be good if lawmakers could quickly resolve capital outlay funding and get it off the table, because it\u2019s likely that, in the 30-day session that begins Jan. 15, they\u2019re going to be asked to tackle ethics and health-care reform, and I\u2019m betting there\u2019s a good chance that failure to resolve either one to the satisfaction of the governor and lieutenant governor will result in a special session.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lawmakers will have a much smaller pot of capital outlay money to draw from next year than they did this year or in 2006. According to a projection from the Legislative Finance Committee, about $370 million will be available in 2008 for state building projects, the Albuquerque Journal is reporting today. This year, there was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2039","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts\/2039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/comments?post=2039"}],"version-history":[{"count":0,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts\/2039\/revisions"}],"wp:attachment":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/media?parent=2039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/categories?post=2039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/tags?post=2039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}