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