91°µÍø

Experts and advocates are voicing their concerns about the future of a newly passed conservation fund. They met in Las Vegas, New Mexico Wednesday to tell a powerful legislative budget committee the fund could run out of money by 2029 if lawmakers fail to step up.

Financial consultants warned members of the Revenue Stabilization & Tax Policy Committee Monday that the state’s reliance on the notoriously boom-and-bust oil and gas sector is risky. They implored lawmakers to reform taxes and diversify the economy to protect itself.

New Mexico reaped more than $1.7 billion dollars in oil and gas revenue in the first third of 2022 – that’s more than double the income from the same period last year according to oil and gas reporter Jerry Redfern from Capital and Main. He told 91°µÍø that all the extra money comes with complications when it comes to budgeting for the future.

91°µÍø Call In Show 1/26 8a: Lawmakers have converged on Santa Fe for a two-month session during which their most pressing problem will be fixing a big hole…

A new financial forecast estimates about $285 million will be available in the next budget year for spending increases on state government programs,…