Report: $4.5 billion unspent by NM agencies

http://krqe.com/2015/03/07/report-4-5-billion-unspent-by-nm-agencies/

New Mexico has had a hard time recovering from a recession. But the report shows more than $2 billion for things like road work, and infrastructure wasn’t spent by state agencies. Neither was $42 million in education funds, or more than $700 million for water projects…

The state budget is roughly $6 billion… So, $4.5 billion unspent is a lot…

That’s the funniest understatement I’ve seen all year. 😀