New Mexico Gov. Bill Richardson has proposed a $200 million package of 13 road construction projects that would be financed with $100 million of energy severance tax bonds and $100 million from the state’s surplus.

State officials expect revenue will exceed expenditures in fiscal 2009 by $392 million.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.