legislature<\/a> are arguing over how to fix the deficit. Martinez wants to make more cuts, while the House and Senate want to raise taxes on gasoline, vehicle sales and other transactions. The state constitution requires a balanced budget and the new fiscal year begins, July 1.<\/p>\nTwo years ago there was a budget surplus, fueled by oil production, but that has begun to dry up. There were 102 oil rigs in December 2014, but only 30 two years later. The industry did provide a glimmer of hope in April, with production increasing 3.4 percent compared to the prior year.<\/p>\n
The money the state wants from casinos would cut the gap by more than half, but they can expect serious resistance from the casinos and the issue will probably not be settled before the July 1 deadline.<\/p>\n","protected":false},"excerpt":{"rendered":"
State Gambling regulators are in a battle with three New Mexico Native American tribes over $40 million in casino revenue they believe they are owed. The trio of pueblos contends the state is misinterpreting an old agreement. The Tesuque, Sandia and Isleta pueblos have taken their case to court, asking a judge to prevent the […]<\/p>\n","protected":false},"author":42,"featured_media":53054,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Three Tribal Casinos Balk at $40 Million New Mexico Revenue Request<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n