State Budget Deficit Keeps Getting Bigger

Governor Bill Richardson

The state will receive $104 million in extra Medicaid dollars thanks to federal legislation projected to clear Congress in the next few days, New Mexico state officials said Wednesday. The funding contained in the $26 billion federal legislation for New Mexico’s Medicaid program is $56 million below the $160 million the state had anticipated. That means the state budget gap New Mexico is struggling to address for the fiscal year that began July 1 will grow to about $220 million. Read more here:

State Budget Deficit Keeps Getting Bigger