NM Senate Panel Approves $240 Million Capital Project

From canadianbusiness.com -Lawmakers are proposing to finance $240 million in capital improvements across New Mexico, including $15 million for projects needed for Native American water rights settlements. The Senate Finance Committee approved the measure on Monday, sending it to the full Senate for consideration. Although lawmakers are cutting spending this year on the state's operating budget, the Legislature is able to finance capital improvements using $238 million in bonds backed by severance tax revenues. Other financing comes from earmarked revenues such as Game and Fish Department funds.  More News New Mexico

NM Senate Panel Approves $240 Million Capital Project