- Special Sections
- Public Notices
SANTA FE, N.M. (AP) — New Mexico's revenues are lower than expected for the newly started fiscal year, and it will force a new round of budget cuts to trim spending by about 3 percent.
The Legislative Finance Committee received an updated financial forecast Wednesday, showing the state with a $200 million budget shortfall in the fiscal year that started this month.
Revenues are projected to be almost $160 million lower than what had been anticipated this year, and $32 million short in the fiscal year that ended in June.
A budget law requires Gov. Bill Richardson to cut spending across the board if revenues and reserve transfers won't cover spending.
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.