{"id":50006,"date":"2020-12-08T15:35:26","date_gmt":"2020-12-08T22:35:26","guid":{"rendered":"https:\/\/dh.durangoherald.com\/tj\/economists-predict-rebound-in-new-mexico-government-income\/"},"modified":"2020-12-08T22:35:26","modified_gmt":"2020-12-08T22:35:26","slug":"economists-predict-rebound-in-new-mexico-government-income","status":"publish","type":"post","link":"https:\/\/dh.durangoherald.com\/tj\/economists-predict-rebound-in-new-mexico-government-income\/","title":{"rendered":"Economists predict rebound in New Mexico government income"},"content":{"rendered":"<figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=e5e90503-d092-49e1-9fb2-585e3f48f077&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"1339\" alt=\"Democratic New Mexico state Rep. Andrea Romero, of Santa Fe, asks questions about proposed election reforms June 20 on the floor of the New Mexico House of Representatives. The New Mexico Legislature met in a special session to address a gaping budget hole linked to the coronavirus and related economic upheaval.\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">Democratic New Mexico state Rep. Andrea Romero, of Santa Fe, asks questions about proposed election reforms June 20 on the floor of the New Mexico House of Representatives. The New Mexico Legislature met in a special session to address a gaping budget hole linked to the coronavirus and related economic upheaval.<\/span><span class=\"credit\">The Associated Press<\/span><\/figcaption><\/figure>\n<p>The forecast on Tuesday leaves New Mexico well positioned to maintain funding for essential services in public education, public safety, health care and more.<\/p>\n<p>Economists for the Legislature and three state agencies are forecasting an increase in general fund revenues of $163 million, or 2.3%, over current annual spending obligations.<\/p>\n<p>The state is likely to finish the fiscal year in July with $2.4 billion in financial reserves \u2014 equivalent to about one-third of annual general fund spending.<\/p>\n<p>Still, economists warn of uncertainty linked to the presidential transition, possible new federal relief and the path of the virus.<\/p>\n<p>A new round federal stimulus could bolster spending with direct aid for households \u2014 and undermine incentives for unemployed people to return to work, the economists for the Legislature\u2019s budget and accountability office noted.<\/p>\n<p>\u201cCurrent economic conditions could result in a second or prolonged recession that reverses the most recent economic progress,\u201d a Legislative Finance Committee analysis states.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Democratic New Mexico state Rep. Andrea Romero, of Santa Fe, asks questions about proposed election reforms June 20 on the floor of the New Mexico House of Representatives. The New Mexico Legislature met in a special session to address a gaping budget hole linked to the coronavirus and related economic upheaval.The Associated Press The forecast [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":50007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[815],"naviga_topic":[],"class_list":["post-50006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-associated-press-new-mexico"],"acf":[],"author_name":"dh_admin","_links":{"self":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/50006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/comments?post=50006"}],"version-history":[{"count":0,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/50006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media\/50007"}],"wp:attachment":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media?parent=50006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/categories?post=50006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/tags?post=50006"},{"taxonomy":"naviga_topic","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/naviga_topic?post=50006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}