By Daniel J. Chacón, Santa Fe New Mexican | February 18, 2021 New Mexico’s financial outlook has improved yet again. While revenues are still expected to fall in the fiscal year that begins July 1, the drop won’t be as bad as predicted in December. General fund recurring revenue for the upcoming fiscal year is now estimated to decline by 8.5 percent, an improvement over the 10.9 percent drop forecast just two months ago, according to updated revenue projections presented Wednesday to the Senate Finance Committee. “The [fiscal year 2022] general fund recurring revenue is forecasted to grow by 4.9 percent compared to [fiscal year 2021], so the good news is … that there’s $339 million of new money,” Debbie Romero, acting secretary of the state Department of Finance and Administration, told the committee. “That is up from the $160 million that we talked to you about in December.”