New Mexico eyeing nearly $3.5 billion in extra money

SANTA FE, N.M. (KRQE) – New Mexico's lawmakers have even more money to play with than previously expected. The latest estimates by New Mexico's economists show the state will likely have $3.482 billion in "new money" by fiscal year 2025.That new money is the cash left over after the state pays for all its yearly expenses. Thanks to economic growth, decent employment rates, and the state's oil and gas industry, the state recently increased its estimate for how much money it'll have to