State Budget Estimate Off By $80 Million

According to state representative Lucky Varela of Santa Fe, New Mexico is facing a budget deficit of $80 million. Varela who chairs the Legislative Finance Committe overseeing the state budget says he is waiting for more detailed reports to come in. However, Varela seems convinced the state overspent. "Even after the tax increases that passed, it seems we're going to be short by about $80 million," Varela said. Read the details here:

State Budget Estimate Off By $80 Million