Revenue Growth Predictions
It looks like all of the movie magic in the Land of Enchantment has begun influencing financial projections by the Richardson Administration:
Economic analysts for Gov. Bill Richardson’s administration said Thursday they remain confident that New Mexico revenues will increase by nearly $300 million next year, a day after legislators voiced doubts about significant rebounds in the state’s economy.
The revenue estimates, which don’t factor in proposed tax increases, are key to ongoing budget negotiations between top-ranking Democrats in the House and Senate.
That’s a pretty amazing prediction. I’m wondering what the Administration’s position is on Tooth Fairy and Santa Claus?