New Mexico state income rises on energy rebound
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January 26, 2018
SANTA FE, N.M. (AP) — Lawmakers have more money to work with as they craft a spending plan for the coming fiscal year that aims to boost spending on education, courts and law enforcement.
Economists for the state on Thursday revised tax revenue estimates upward by $93 million for the fiscal year starting July 1.
In all, government income is expected to surpass current annual spending obligations by $292 million.
New Mexico is climbing out of fiscal crisis that last year prompted spending cuts at public universities and to cherished programs such as the Special Olympics and local-farm produce a...
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