NEW MEXICO HAS BILLIONS OF DOLLARS JUST SITTING IN STATE AGENCY COFFERS, NOT BEING USED. THAT WAS THE FINDING OF A 1ST-OF-ITS-KIND REPORT ISSUED BY THE STATE AUDITOR’S OFFICE OVER THE WEEKEND. AUDITOR TIM KELLER’S 25 PAGE REPORT SAYS 4-AND-A-HALF-BILLION DOLLARS OF UNUSED STATE FUNDS HAS BEEN FOUND.
KELLER NOTES THAT SOME OF THE STATE AGENCIES DO NEED SOME OF THE MONEY FOR RESERVES. BUT HE ALSO SAYS THE FUNDING COULD BE USED ON STATE PROJECTS.
THE REPORT SAYS 4-AND-A-HALF BILLION DOLLARS AMOUNTS TO 70 PERCENT OF THE STATE BUDGET.
