Budget wins final legislative approval, heads to governor

By Barry Massey SANTA FE — Gov. Bill Richardson is withholding judgment on a nearly $5.1 billion budget measure that won final approval in the Legislature. Richardson, who had sharply criticized earlier budget proposals by lawmakers, declined to say whether he will accept or reject the spending measure that was approved Tuesday. The Legislature is […]

House approved budget is an 8.4 percent increase

By Barry Massey SANTA FE — State spending would increase by 8.4 percent next year to pay for public education and general government programs under a $5.1 billion budget bill approved unanimously by the House. About two-thirds of the proposed spending increase is directed at public schools and colleges and universities. The Senate approved a […]

Nearly $5.1 billion budget package heads to House

By BARRY MASSEY SANTA FE — A House committee approved a nearly $5.1 billion budget bill Tuesday that leaves money available for tax cuts and saves some of the state’s revenue windfall in a permanent fund. The bill now goes to the House, which is expected to vote on it later this week. Under the […]

Responsible spending urged for Legislature

By Andy Jackson: Freedom Newspapers Area lawmakers are urging responsible spending during the 2006 state Legislature even after record oil and gas receipts pumped the state coffers full of extra money. The state’s revenue from oil and gas leases jumped by $92 million in 2005 compared to 2004, according to state figures. Sen. Stuart Ingle, […]

Huge revenue windfall expected next year in N.M.

Staff and wire reports SANTA FE — State government is looking at an unprecedented revenue windfall. Gov. Bill Richardson and legislators will have more than $600 million in “new money” next year for spending increases and programs and to cover the cost of tax breaks. The latest revenue projections call for more than twice as […]

Crisis overtakes Bush’s agenda, rearranging second-term landscape

Tom Raum: Associated Press Writer WASHINGTON — Hurricane Katrina swamped President Bush’s second-term domestic agenda, reordering his priorities and changing the political landscape. His open-ended commitment to rebuild New Orleans and the Gulf Coast has become his No. 1 domestic imperative. Swept away was Bush’s pledge to cut the budget deficit in half. His centerpiece […]

Federal budget no longer on cruise control

By Jeff Bingaman: Guest Columnist For most Americans, the subject of the federal budget is about as interesting as diagramming sentences in a high school English class. For New Mexicans, however, the federal budget is of vital importance. Here’s why: In the current fiscal year, direct federal expenditures made in our state will total about […]

Spending package has projects for area

Staff and Wire Reports WASHINGTON — Republicans whisked a $388 billion spending bill through the House on Saturday, a mammoth measure that underscores the dominance of deficit politics by curbing dollars for everything from education to environmental cleanups. Lawmakers approved the measure by a bipartisan 344-51 margin on what might be the last day of […]

Roberts believes she has another term in her

By David Arkin: PNT Correspondent One of the state’s longest-serving lawmakers believes she still has a little more in the tank. For Earlene Roberts, it’s just not time to call it quits. The Lovington Republican has decided to run again for a seat in the House because she says she’s not completely comfortable with the […]

N.M. budget looking low for future

David Arkin: PNT Correspondent A financial committee’s prediction that New Mexico might face up to a $170 million budget shortfall by 2006 would create difficult spending decisions for the state, a local lawmaker said. The Legislative Finance Committee, which released on Tuesday its five-year forecast, claims government spending is expected to outpace revenues by about […]