New Mexico, the No. 2 oil-producing US state, braces for possible end to income bonanza | iNFOnews infotel.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infotel.ca Daily Mail and Mail on Sunday newspapers.
State economists told Legislators that they will likely have an additional $3.5 billion in revenue to consider when crafting the next budget. This is over the already record-breaking revenue, and budget spending, from the previous legislative session. The post-pandemic economic recovery in New Mexico is slowing down due to expired tax credits, oil price fluctuations
The recent era in New Mexico where billions in money from explosive oil and gas growth that generated the most money for the state government, ever, is slowing down.
NM State Economists Estimate Big Drop In Additional Dollars ksfr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksfr.org Daily Mail and Mail on Sunday newspapers.
"We re sort of starting to go back to normal, and normal for us looks a lot slower than the 30% revenue growth that we had been experiencing these last couple