Lawmakers, Governor At Odds Over Revenue Outlook
The Democratic-controlled Legislature and Republican Gov. Susana Martinez's administration are at odds over the state's revenue outlook.
The Department of Finance and Administration reported Monday there's no reason to change the most recent revenue forecast calling for the state to have about $283 million available for budget increases and to offset any tax cuts in the next fiscal year.
However, legislative staff has raised questions about the state's financial outlook and the Senate Finance Committee plans to make its budget decisions using estimates that revenue will be $24 million lower next year and $41 million lower in the current fiscal year.
Having less money available for the budget will make it harder for Martinez to win legislative approval of corporate tax cuts she's proposed as an economic development incentive.