New Mexico lawmakers expected to talk about rainy day fund

ALBUQUERQUE, N.M. (KRQE) – The rainy day fund will be a topic of conversation for New Mexico lawmakers, at next week’s work session.

Lawmakers are looking for ways to bulk up the state’s financial reserves, without tax increases.

As recently as 2015, New Mexico had $712 million in its reserves, but now the money is mostly gone.

Lawmakers are now hoping they can find a solution while still protecting the state’s credit rating which affects how easily the state can borrow money for projects.

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