New Mexico expects $283M in revenue for next year

December 4, 2012 • State News

SANTA FE, N.M. (AP) — The Legislature and Gov. Susana Martinez will have slightly more than $280 million to cover budget increases and tax cuts next year under a new revenue forecast outlined Monday to lawmakers.

The revenue estimates will serve as the backdrop for financial decision-making for lawmakers when they convene next month for a 60-day legislative session.

The state should collect about $5.9 billion in tax revenue in the fiscal year that starts next July, according to projections by administration and legislative economists. That provides a pool Login to read more

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