LAWMAKERS GET MORE MONEY TO WORK WITH AS THEY CRAFT A BUDGET UP IN THE STATE LEGISLATURE. NEW REVENUE FIGURES RELEASED THURSDAY SHOW JUST OVER 292-MILLION DOLLARS IN “NEW” MONEY. THAT’S ABOUT 93 MILLION DOLLARS HIGHER THAN A MONTH AGO.
SO WHAT’S THE SOURCE OF THAT “NEW” MONEY? THE ANSWER…OIL PRODUCTION. THE ALBUQUERQUE JOURNAL REPORTS THERE WERE 38 ACTIVE OIL RIGS IN THE STATE LAST YEAR. THAT NUMBER IS NOW UP TO 82. “NEW” MONEY IS REVENUE NOT ALREADY INCLUDED IN THE STATE’S 6-POINT-1 BILLION DOLLAR BUDGET.
