State has unbalanced checkbook

State government hasn't properly balanced its checkbook for more than six years, and officials in Gov. Susana Martinez's administration are warning lawmakers that New Mexico's cash surplus is from $70 million to $460 million less than what been anticipated . 

Officials stress there's no immediate risk of New Mexico being unable to pay its bills because of the problems in the state's computerized accounting system.

 However, the state will have a smaller financial cushion in case of unexpected budget problems and less surplus cash to spend on projects such as capital improvements.

State has unbalanced checkbook