With nearly $5B unspent, legislative staff recommend tighter controls on large public projects
At the end of September, there was nearly $5 billion in unspent funds set aside for thousands of state-funded projects
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At the end of September, there was nearly $5 billion in unspent funds set aside for thousands of state-funded projects
Sen. Joseph Cervantes, D-Las Cruces, called the Game Commission "dysfunctional" and said no one wants to serve on it out of fear of being removed.
The Legislative Finance Committee forecast New Mexico's General Fund Revenue to grow by about a $1 billion next year, largely driven by oil and gas.
With nearly $3.5 billion expected in the next budget year, lawmakers are already thinking about how they can help northern New Mexicans recover following the Calf Canyon/Hermits Peak Fire.
The Legislative Finance Committee presented its budget report Wednesday in Las Vegas, and it’s projecting a lot of extra money.