New Mexico

The Las Cruces School District has a brighter outlook on its Aa2 rating from Moody's Investors Service as it prepares to issue $10 million of general obligation bonds.

The federal government would have to remain closed for about four weeks before affecting New Mexico revenue from the oil and gas industry, according to the New Mexico Oil and Gas Association.

Ratings on Gallup, N.M., have been suspended after an outside auditor issued no opinion on the city's finances.

Moody's Investors Service lowered its general obligation bond rating on Santa Fe, N.M., to Aa3 from Aa2, citing the state capital's pension liability.

New Mexico will price $220 million of highly-rated severance tax bonds for hundreds of local projects in a competitive sale Tuesday.

After clearing up issues around a phony audit, the New Mexico Finance Authority returned to the bond market Wednesday with $43 million of excise tax bonds for local government projects.

Moody's Investors Service issued a report on Wednesday that examined the local governments and school districts that rely on federal employment, procurement, Medicare reimbursement and education grants that would be most affected by sequestration.

The Texas Senate on Wednesday considered a bill that would raise the levels of permitted radioactivity in waste delivered to a bond-funded dump site in Andrews.

Gov. Susana Martinez vetoed a bill structuring the New Mexico Finance Authority because it did not go far enough in reforming the agency.

The State Board of Finance approved a winning bid from Williams Blair & Co. LLC of 1.775% for $137.2 million of state general obligation bonds.

Gov. Susana Martinez said she would sign the budget for fiscal 2014 after threatening to veto the spending measure over the failure of lawmakers to lower business taxes.

New Mexico lawmakers adopted a 2014 spending plan next week, but Gov. Susana Martinez said she might veto the budget bill.

As its legislature nears completion of a state budget, New Mexico plans to raise about $140 million through the competitive sale of general obligation bonds on March 19.

New Mexico's State budget bill for fiscal 2014 of $6 billion includes a 1% pay raise for most state workers and public school teachers.

Santa Fe Public School District, N.M.'s request for $130 million of GO bonds won voter approval last week.

The latest revenue projections for fiscal 2014 indicate New Mexico will have $283 million of new money that can be appropriated or expended for tax cuts by the 2013 Legislature.

The New Mexico Finance Authority "over-emphasized and under-prioritized the importance of bond credit ratings," in a "culture of complacency" that led to a fraudulent audit, according to an investigative report from the New Mexico Securities Agency.

An estimated $1.65 billion of industrial revenue bonds to link the nation's three major power grids will bear the name of Clovis, N.M., but the town will carry no risk if the project falters, officials say.

The New Mexico Transportation Commission will detour the wreckage of the New Mexico Finance Authority with $215 million of refunding bonds.

Voters in Santa Fe County N.M. gave approval margins of 60% to three GO bond proposals totaling $38 million.