- BUDGET SURPLUS-NEW MEXICO
SANTA FE, N.M. (AP) — State government income for New Mexico is exceeding expectations set out by agency economists. A revenue tracking report from the Legislature on Tuesday showed state general fund income of $8 billion for the fiscal year that ended June 30. That is $85 million higher than a recent forecast from state economists. Income for July and August also outpaced expectations. The state has increased teacher salaries and spending on roadway construction.