“SIGNIFICANT STRAIN ON NEW MEXICO’S FINANCES”: Consensus Revenue Estimates Point To Massive Drop in Fiscal Year 2021 Funding
Weighed down by the double burden of a major decline in gross receipts taxes due to COVID-19 and a steep decline in global oil prices, New Mexico’s recurring revenues are expected to decline somewhere between $1.7 and $2.4 billion in FY2021, according to consensus revenue estimates released by the Governor’s office and state legislature last […]