Alva Review-Courier -

Oil boom may provide windfall to New Mexico, public schools

 

August 23, 2018



SANTA FE, N.M. (AP) — A surge in New Mexico's income linked to an oil boom may give legislators an extra $1.2 billion to work with as they craft the next annual budget, state economists announced Wednesday.

The windfall comes as New Mexico officials grapple with a court order to shore up funding for public schools to meet basic educational standards and a recent downgrade to the state's credit rating based on mounting public pension liabilities.

Economists from three state agencies and the Legislature reported a nearly 15 percent increase in general fund revenues for the fiscal year that...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2018