- Special Sections
- Public Notices
SANTA FE, N.M. (AP) " New Mexico's revenue outlook continues to weaken, aggravating the state's budget problems.
The Legislative Finance Committee received a new financial forecast Thursday that says revenues will be $53 million lower next year than previously expected.
There's a potential budget gap of $600 million to $700 million next year.
That shortfall is partly because the state is using federal economic stimulus money to pay for public schools and health care services. At least $300 million in state money will be needed to replace federal funds next year unless budgets are cut by that amount.
Lawmakers and the governor are looking at reducing spending and potentially raising taxes to balance the state budget next year.
The Legislature convenes Jan. 19 for a 30-day session.
If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.
Click the question mark below to see where your account ID appears on your mailing label.
If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.