New Mexico struggles to close government spending gap

SANTA FE, N.M. (AP) – New figures from state economists show New Mexico government continues to spend beyond its means even after the enactment of special solvency measures by the governor.
A report released Tuesday by the Legislative Finance Committee shows that state government still has $103 million more in planned expenses than estimated revenues for the current budget year.
New Mexico Gov. Susana Martinez signed off this week on a package of legislation designed to shore up the state&