KRQE - It's a bankroll just about anyone would be proud of. After last year's budget, New Mexico ended up with plenty left over. As of June, the state had cash balances of nearly 14 percent of its general fund budget, about $755 million. That's money that can cover revenue shortfalls in a pinch and helps the state look more attractive to bond rating agencies. Those reserves are far stronger than they were when Governor Susana Martinez took office, despite major state budget crunches. Some state lawmakers say this is a case of over-saving and that at least some of that money can be put to good use. Read More News New Mexico
Big NM cash reserves tempting lawmakers
KRQE - It's a bankroll just about anyone would be proud of. After last year's budget, New Mexico ended up with plenty left over. As of June, the state had cash balances of nearly 14 percent of its general fund budget, about $755 million. That's money that can cover revenue shortfalls in a pinch and helps the state look more attractive to bond rating agencies. Those reserves are far stronger than they were when Governor Susana Martinez took office, despite major state budget crunches. Some state lawmakers say this is a case of over-saving and that at least some of that money can be put to good use. Read More News New Mexico 
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