Sounds like the budget deal sucks more and more.
Check this out:
It was barely noticed on Capitol Hill, but the budget deal that just passed both houses of Congress changes the split between the federal government and states when it comes to royalties in oil and gas collected on federal lands by 1 percent.
That may not sound like much, but it translates into a loss of $100 million for New Mexico and $415 million across the country over the course of the next decade, and western states will be hit the hardest.
“I don’t think it’s a good deal at all,” New Mexico State Treasurer James B. Lewis told New Mexico Watchdog Thursday. “New Mexico needs every dime, every nickel we can get. It looks like it’s permanent and it’s sad that we didn’t get a voice in it.”