New Mexico

Uncertainty over the future of the North American Free Trade Agreement has not stopped Texas from continuing to invest in freight routes across the Rio Grande.

New Mexico is competitively selling $333 million of severance tax bonds after two downgrades attributed to declining oil and gas revenues.

Criticizing lawmakers for taking a piecemeal approach to capital projects, New Mexico Gov. Susana Martinez used her line-item veto to reduce a severance-tax bond package.

Under the $6.2 billion budget signed by New Mexico Gov. Susana Martinez, spending is reduced for the first time in five years due to persistently low oil and gas prices.

With revenue estimates falling, New Mexico lawmakers settled on a $6.2 billion budget that raids some state agency accounts to keep spending level with last year.

Faced with falling oil prices, New Mexico Gov. Susana Martinez called for a restrained approach to spending under a $6.5 billion budget that emphasizes education, safety and economic growth.

With enrollment falling for the fourth year in a row, New Mexico State University has taken a Standard & Poor’s downgrade to AA-minus.

Competing with Texas for the right to store high-level radioactive waste from other states, New Mexico Gov. Susana Martinez says her state deserves top consideration.

Despite an $11.5 billion backlog of maintenance at national parks across the country, the National Park Service continues to take on new properties in New Mexico and other states.

New Mexico Senate Majority Leader Michael Sanchez said the Senate was "sucker-punched" by the House in the last hour of the 2015 session, leaving nearly $270 million of projects unfunded.

New Mexico state Auditor Tim Keller has identified $4.5 billion of unspent funds in the accounts of state agencies, but lawmakers say the money is not available for appropriations in the coming fiscal year.

Forty-four state and local governments have failed to meet the deadline for their audits in fiscal year 2014, earning them a place on State Auditor Tim Keller's "At Risk" list.

New Mexico Gov. Susana Martinez urged lawmakers to set aside $180 million for highway bond projects over the next three years while cutting business taxes and boosting spending on education.

New Mexico Gov. Susana Martinez proposed a $6.29 billion budget that would increase spending by 2.3% in the coming fiscal year.

Moody's Investors Service downgraded Las Cruces Schools to Aa3 from Aa2, citing the New Mexico District's use of reserves for recurrent expenses.

New Mexico's dependence on energy revenues and government funding brings a negative outlook to the state's AA-plus rating from Standard & Poor's.

Lower oil prices may cause a $100 million adjustment in New Mexico's revenue forecast for the next fiscal year, a state official said.

New Mexico will use $169 million of bond authority granted by the voters in the Nov. 4 election for senior citizens centers, libraries and schools.

The crash of Virgin Galactic's Spaceship Two is a setback for New Mexico's publicly financed SpacePort America, which is to be the location for commercial space flights, but the bonds issued to build the facility remain a safe investment, an official said.

Falling oil prices add fiscal pressure to five of the nation's top energy-producing states, according to Moody's Investors Service.