Martinez Comments on Balloning State Budget Deficit

Susana Martinez
Albuquerque – Yesterday Susana Martinez for Governor Campaign Manager Ryan Cangiolosi released the following statement concerning news that state revenue projections continue to fall: “The fact that New Mexico’s fiscal crisis continues to worsen is an unfortunate reminder that the tax-and-spend policies of the Richardson/Denish Administration have nearly bankrupted our state and killed jobs. We must instead return to the principles of limited government, low taxation, and the efficient and careful investment of taxpayer dollars in order to restore fiscal sanity and create jobs. Susana Martinez will bring bold change to the Roundhouse so that New Mexico can get its books in order, while Lieutenant Governor Diane Denish represents four more years of a reckless agenda that has increased both unemployment and state debt.”
BACKGROUND: “The budget news for New Mexico lawmakers and the next governor keeps getting worse. Despite cuts and $170 million in tax increases enacted this year, the latest state revenue projections will make for a $260 million budget shortfall in the fiscal year starting in July.” (Dan Boyd, “N.M.’s Bleak Budget Outlook Worsens,” The Albuquerque Journal, 10/20/10)

 


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