Revenue Growth Predictions
Economic analysts for Gov. Bill Richardson's administration said Thursday they remain confident that New Mexico revenues will increase by nearly $300 million next year, a day after legislators voiced doubts about significant rebounds in the state's economy.That's a pretty amazing prediction. I'm wondering what the Administration's position is on Tooth Fairy and Santa Claus?
The revenue estimates, which don't factor in proposed tax increases, are key to ongoing budget negotiations between top-ranking Democrats in the House and Senate.