465 Views SANTA FE, N.M. (AP) — A windfall in government income from petroleum production is slowing down but far from over in New Mexico as the nation’s No. 2 oil production state grapples with how much it can effectively spend — and how to set aside billions of dollars
504 Views SANTA FE, N.M. (KRQE) – Over the last few years, the state government has earned more money than lawmakers planned to spend in the state budget. This trend of so-called “new money” is likely going to continue in the upcoming fiscal year, budget experts say.
575 Views SANTA FE, N.M. (KRQE) – Earlier this year, lawmakers passed Senate Bill 4, the Healthy Universal School Meals Bill. The law aims to ensure kids across the state have nutritious, free meals in school. But now lawmakers are questioning how that will happen as the cost to produce
600 Views According to state economists, New Mexico’s recurring revenue estimates continue to soar, outpacing most of the rest of the nation. During the last report back in December, the estimate was 12.5% revenue growth which at the time was the largest estimated revenue growth in the country. It turns
703 Views SANTA FE, N.M. (KRQE) – The bill that decides which projects get funded around the state and how much they’ll get has reached the governor’s desk. The Capital Outlay contains pages and pages full of projects with a total cost of more than a billion dollars.
688 Views **Editor’s Note: House Bill 547 was amended before passing the House Saturday. With an amendment, the proposed rebates were increased to $500 for single filers and $1,000 for joint filers. The original proposal offered $300 for single filers and $600 for joint filers. NEW MEXICO (KRQE) – The legislative session is
688 Views One Democrat votes ‘no’ in agreement with other party. SANTA FE, N.M. — With less than a week remaining in its 60-day session, the state Legislature is close to passing a history-making budget.
700 Views If it passes — $300 tax rebates will go to single filers. Married couples filing jointly will receive $600. ALBUQUERQUE, N.M. — A $959 million tax package proposal passed the House and Revenue committee Monday. House Bill 547, sponsored by the chairman of the New Mexico House & Revenue
657 Views SANTA FE, N.M. (KRQE) – New Mexico is inching closer to getting long-term funding for environmental conservation projects across the state. But disagreements between legislators could cause trouble for the plan to set up conservation funds.
652 Views ALBUQUERQUE, N.M. — It’s almost like New Mexico won the lottery. “$3.6 billion,” UNM economist Reilly White exclaimed. “I know when you think about it this way, if we divide it, 2.2 million New Mexicans for every man, woman and child in New Mexico, that’s over 1500 bucks.”
The New Mexico News Network is a service of the New Mexico Broadcasters Association.