Resolving New Mexico’s $450 million Deficit (without raising taxes or cutting K-12 education and Medicaid)

According to the latest budget numbers, New Mexico’s Legislature will have to address a $450 million budget shortfall during the 2011 session. With governor-elect Susana Martinez having pledged not to raise taxes or cut K-12 education or Medicaid, two programs that form 60% of the state budget, options are limited.