News

One of the few lottery bills that actually had legs this legislative session had them cut out from under them this afternoon.  House Ways and Means rejected SB 180/a, the bill that sought to remove a mandate that sent 30 percent of lottery revenue to...

State lawmakers will get revised revenue projections next week, barely giving them time to build their FY 17 budget. Seeking a second opinion or perhaps a preview of the pain, Senate Finance asked economists to comment on the state of the state’s...

It’s one week and one day before the New Mexico Legislature convenes for its 2016 session. This is a 30-day session with the main focus on all things financial. Both the Executive and the Legislative Finance Committee (LFC) have released their budget...

The Tuesday morning session, when the New Mexico Department of Higher Education presented its funding wish list, evolved into a wide-ranging, sometimes lively discussion on topics like funding formula stabilization, disagreement over performance measures...

State finance officials predict $232 million in new money could be available to legislators as they begin building the FY-17 state budget next month. That’s down $61 million from their $293 million projection last August. In a largely optimistic report...

Financial analysts from NM’s departments of Finance and Administration, Taxation and Revenue, and Transportation spent their summer with Legislative Finance Committee staff, reaching agreement on how much new money the Legislature will have to work with...

The Legislative Finance Committee (LFC) revealed its budget recommendations for the 2015-16 fiscal year this morning. Usually these recommendations are the best indicator of how the budget built by legislators during the upcoming session will look.

For a New Mexico legislator, nothing says love like ...

There’s no way to sugarcoat the revised revenue estimates coming out of Santa Fe this morning. That glee we’ve been experiencing at the gas pump has a definite downside in a state that depends heavily on oil and gas revenue. New revenue estimates have been cut nearly in half.

The Legislative Finance Committee is meeting jointly with the Legislative Education Study Committee at Highlands University in Las Vegas regarding the latest consensus revenue projections from the state’s financial gurus.   The news they heard is goo