Budget cuts, tax hikes on horizon

By Steve Terrell and Kate Nash: The New Mexican There’s a mountain of need in New Mexico. The problem is, there’s only a molehill of money to meet those needs. The state faces a projected budget deficit of $600 million or more next year. This is what the Legislature is up against when New Mexico’s [...]

Prospects dim for tax hikes to plug N.M. budget hole

The Associated Press SANTA FE, N.M. (AP) — Prospects for tax hikes during New Mexico’s special legislative session dimmed even further as a House panel rejected several tax bills. The House rules committee decided Monday that tax increases could not be considered because Gov. Bill Richardson did not put them on the agenda for the [...]