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New Mexico Political Report
Posted inNM Legislature

Projection says $1.17 billion in new money, but analysts urge caution

TAOS — The interim Legislative Finance Committee heard the latest rosy budget projections, which show revenues from booming oil and gas activity leading to $1.17 billion in new money for the next fiscal year, bringing total revenue to $7.3 billion. But analysts cautioned the surplus is the result of increasing reliance on oil and gas […]