News

State revenue growth cools amid falling oil prices, but $105M in 'new' money still projected

abqjournal.com · last updated

SANTA FE — For the first time after five years of record-breaking revenue growth, New Mexico is projected to take in less money during the current budget year than it did in the past year.

Specifically, the state is projected to collect $13.4 billion in recurring revenue during the fiscal year that ends in June 2026, according to new estimates released Monday.

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