Copyright © 2017 Albuquerque Journal
SANTA FE – A new revenue tracking report shows New Mexico is on pace to take in $55 million more in revenue than projected for the budget year that ends in June, some rare good news for a state that’s faced two consecutive years of spending cuts.
Union leaders and top Democratic lawmakers say the improved revenue outlook shows there’s no need for Gov. Susana Martinez to implement unpaid employee furloughs between now and July, but top Martinez administration budget officials say there’s still reason for concern.
“I don’t think we’re out of the woods yet,” Finance and Administration Secretary Duffy Rodriguez said Monday. “It’s not like we’re trying to invent the crisis or bluff.”