- Associated Press - Tuesday, January 20, 2015

SANTA FE, N.M. (AP) - Republican Gov. Susana Martinez says the Legislature needs to turn its attention to New Mexico roads that are unsafe and impeding economic growth.

She wants lawmakers to allocate at least $180 million over the next three years to address major highway construction projects around the state.

Martinez pointed to the recently completed Paseo del Norte and Interstate 25 interchange in Albuquerque, which serves an estimated 180,000 people. Government officials pieced together money from city, county and state bonds to pay for the project.

The most recent revenue outlook released in December said there should be about $231 million available to finance capital improvement projects from bonds backed by severance taxes on energy production.

The governor and lawmakers have cautioned that dropping oil prices could affect how much money they ultimately have to work with.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide