Capitol Report Re-Launches; Projected Deficit Grows

In a public radio interview about 5:30 this evening, Senator John Arthur Smith, the Deming Democrat who chairs the Legislative Finance Committee said the difference between state spending and projected revenue for the current fiscal year had grown to about $550 million. The interview with KRWG FW in Las Cruces was short and did not allow Smith time to explain the growth of the deficit from the $454 million projected in December.
Capitol Report New Mexico, after taking an unplanned year off, is now a newspaper. The relaunch is made possible by financial support from the Rio Grande Foundation, the Albuquerque think tank devoted to increasing the liberty and prosperity of New Mexicans. Now a newspaper, Capitol Report will be mailed Monday. The contains excerpts from the LFC's solvency as it stood in late December and from the Consensus Revenue Forecast unveiled December 8. The new issue, the complete forecast and the LFC's analysis will be posted early next week at www.capitolreportnm.com.