New Mexico state revenues lag

SANTA FE, N.M. (AP) – New Mexico budget analysts say state revenues continue to trail last year by about 10 percent amid low energy prices and weak tax receipts.
The Legislative Finance Council is reviewing its estimates Wednesday that show the state collecting revenues of $3.6 billion during the first seven months of the current fiscal year. The state had collected $4 billion a year earlier.
Committee staff say the revenue decline is a reflection of a bust in the oil industry and a relate