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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.
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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.
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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 KUNM that all the extra money comes with complications when it comes to budgeting for the future.
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KUNM 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…
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A new financial forecast estimates about $285 million will be available in the next budget year for spending increases on state government programs,…