Albuquerque, NM (KKOB) — Despite economic uncertainty, New Mexico is seeing stronger-than-expected revenue growth. A recent report from the Legislative Finance Committee shows the state brought in $200 million more than projected in February. Economists say consumer spending is driving much of the increase. While oil and gas revenues are slightly down, caps on spending mean excess funds are being directed into trust reserves. Officials say the state is well-positioned in case of a downturn.
