{"id":28769,"date":"2011-04-26T14:09:14","date_gmt":"2011-04-26T20:09:14","guid":{"rendered":"http:\/\/www.nmpolitics.net\/index\/?p=28769"},"modified":"2011-04-26T14:09:17","modified_gmt":"2011-04-26T20:09:17","slug":"state%e2%80%99s-financial-situation-apparently-stabilizes","status":"publish","type":"post","link":"https:\/\/nmpolitics.net\/index\/2011\/04\/state%e2%80%99s-financial-situation-apparently-stabilizes\/","title":{"rendered":"State\u2019s financial situation apparently stabilizes"},"content":{"rendered":"<div id=\"attachment_25542\"  class=\"wp-caption module image alignright\" style=\"max-width: 270px;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-25542 \" title=\"Roundhouse\" src=\"http:\/\/www.nmpolitics.net\/index\/wp-content\/uploads\/2011\/01\/Roundhouse.jpeg\" alt=\"\" width=\"270\" height=\"203\" \/><\/a><p class=\"wp-caption-text\">The Roundhouse in Santa Fe (Photo by Heath Haussamen)<\/p><\/div>\n<p>New Mexico\u2019s revenue streams have apparently stabilized and are \u201ctiptoeing toward recovery,\u201d the <a href=\"http:\/\/www.abqjournal.com\/news\/state\/26231865077newsstate04-26-11.htm\" target=\"_blank\">Albuquerque Journal<\/a> is reporting.<\/p>\n<p>From the Journal:<\/p>\n<blockquote><p>\u201cHowever, if current projections hold true, it will take at least three more years before the amount of money flowing into state coffers returns to 2008 levels \u2013 the high-water mark \u2013 when New Mexico took in more than $6 billion in taxes, royalty payments and interest earnings. And even that figure isn\u2019t adjusted for inflation, meaning $6 billion in 2015 won\u2019t go as far as it did in 2008.<\/p>\n<p>\u201cIn the meantime, slow but steady could mean more hard choices for lawmakers on how to pay for growth in public schools and Medicaid, in addition to other state programs and agencies.\u201d<\/p><\/blockquote>\n<p>The good news:<!--more--><\/p>\n<blockquote><p>\u201cTracking of incoming tax revenues done by the Legislative Finance Committee shows increases in all broad-based taxes \u2013 including personal and corporate income taxes and gross receipts \u2013 from one year ago.<\/p>\n<p>\u201cIn all, recurring revenues are up by more than 6 percent, or about $170 million, from the first seven months of this fiscal year compared with the same period a year earlier, according to this month\u2019s LFC report.<\/p>\n<p>\u201cIn addition, internal monitoring by the state\u2019s Department of Finance and Administration shows the state running a slight surplus for both the current fiscal year, which ends in June, and the coming year.\u201d<\/p><\/blockquote>\n<p>Read the full article <a href=\"http:\/\/www.abqjournal.com\/news\/state\/26231865077newsstate04-26-11.htm#ixzz1Kf3XPMH0\" target=\"_blank\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Mexico\u2019s revenue streams have apparently stabilized and are \u201ctiptoeing toward recovery,\u201d the Albuquerque Journal is reporting.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[118,107],"class_list":["post-28769","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-economy","tag-roundhouse"],"_links":{"self":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts\/28769","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=28769"}],"version-history":[{"count":0,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts\/28769\/revisions"}],"wp:attachment":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/media?parent=28769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/categories?post=28769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/tags?post=28769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}