Email Print   Text Size
NM Gov. Richardson: tax increase inevitable next year

Posted:

Updated:

SANTA FE, N.M. (AP) - Gov. Bill Richardson says he expects taxes to be increased next year to deal with the state's continuing budget problems.

Richardson said at a news conference on Monday "it's inevitable" that taxes will be raised to provide additional revenues for government operations.

The Democratic governor did not speculate on what tax measures are likely to win approval in the Legislature. In the past, Richardson has opposed tax increases such as repealing personal income tax cuts enacted in 2003.

The governor plans to appoint a group of state officials, business leaders and others to study tax proposals that could be considered during the 2010 Legislature. Tax bills were excluded from last month's special session, which approved a deficit reduction package.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

Comments
Terms of Use: We welcome your participation in our community. Please keep your comments civil and on point. You must be at least 13 years of age to post comments. By submitting a comment, you agree to these Terms of Service
You must be logged in to leave a comment. Login or register
See all comments
Close windowBranding

NM Gov. Richardson: tax increase inevitable next year

Close window

Hot Button

Facebook / Twitter

CONTACT US

ABC-7 Listens

RSS Feeds

Links

Pump Patrol

E-Mail Sign-up

Ticket Center

Featured Advertisers

KVIA Cafe

Community Calendar

Eco-Vida

Troop Support

Pet Connections

Estela's Escuelas
All content © Copyright 2002 - 2010 WorldNow and KVIA. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.