New Mexico uses long-term budget assessments and budget stress tests for sustainable budget practices. These practices were recognized in the Pew Charitable Trust report Tools for Sustainable State Budgeting: A 50-State Report released Wednesday. New Mexico is one of eight states that use both long-term assessments and that conducts budget stress tests. Budget stress tests […]
Note: This goes out to newsletter subscribers at the start of each week. We will post the first few on the website before it becomes a newsletter exclusive. Sign up here for free! Hello political junkies! This week the interim Legislative Finance Committee met to discuss, among other things, the state budget forecast. Included in […]
State economists estimate that the Fiscal Year 2025 revenues will be $13.051 billion, which is up from the December estimate. The interim Legislative Finance Committee discussed the budget update during its August meeting in Las Vegas on Aug. 23. The budget forecast is particularly good in part due to legislation passed during this year’s legislative […]