Posts tagged: balance

Richardson suggests sales tax to balance budget

Tweet Gov. Bill Richardson said Tuesday he will call a special session of the Legislature next week if lawmakers fail to agree on a state budget before adjourning on Thursday but there’s still time to reach a compromise on spending and tax increases. The Democratic governor said lawmakers should consider a small increase in New Mexico’s gross receipts tax — perhaps one-eighth or one-quarter of a cent — along with a tax on ... Jump to full article >>