- Special Sections
- Public Notices
SANTA FE, N.M. (AP) — Gov. Bill Richardson says there's no need to make more budget cuts based on a new revenue forecast.
The Legislative Finance Committee is to receive projections Wednesday showing revenues down about $40 million in the current fiscal year. But that's partly offset because last year's revenue is more than $20 million higher than expected.
Spending cuts of 3 percent were implemented in September to close a budget shortfall this year.
The governor's office said the net drop in revenues in the new forecast is small enough that no further budget cuts should be needed before the Legislature meets in January.
However, budget problems for next year are worsening because projected revenues for fiscal year 2012 are down by $80 million.
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.