New Revenue Forecast for NM Has $225 Million Revenue Windfall

Associated Press
  SANTA FE — New Mexico's projected revenue windfall has dwindled to about $225 million because of falling prices for oil and natural gas, and Gov. Bill Richardson says he'll scale back his tax rebate and other economic assistance proposals for a special session later this week. A new revenue forecast was issued today. Last month, revenue collections were projected to be almost $400 million higher than anticipated in the current budget year. Tuesday, Aug. 12, 2008 (updated 6:19 PM MDT) Click Now To Continue

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7:19pm — County Movin' to New Digs The $42 million proposal to buy and move into the old Petroleum Club building at 500 Marquette won approval from... (by Dan McKay) 10:35am — More Manhole Covers Stolen in Farmington Thieves continue to strike Four Corners city in what appears to be a worldwide crime trend. 9:10am — 3 in Custody After Chase Up I-25 One still at large after pickup is stopped by State Police near La Bajada this morning. 9:07am — Richardson on Georgia, John Edwards and U.S. Energy Policy Gov. Bill Richardson appeared on ABC's This Week Sunday and fielded questions from Jake Tapper on the Russian-Georgian... (by Michael Coleman) 8:30am — Police ID Body Found in Back of Sonic Man found dead near Dumpster at East Central restaurant was 52-year-old Arthur Dewees. 7:25am — Joey Hagerty's Heart of Gold N.M.'s only Olympian and fellow underdog U.S. gymnasts bask in the glow of bronze. 6:50am — Placitas Crash Victim ID'd Sandoval sheriff's investigators say suspect in Saturday hit and run is an undocumented immigrant. 6:05am — N.M. Prosecutor Runs in Colo. DA Primary San Juan County deputy DA is vying for Democratic nomination in SW Colorado. 5:45am — 'Ant Bite' Turns Out To Be Gunshot Wound Witness to Friday shooting in Anthony, N.M., tells deputies he didn't know he'd been hit. 5:25am — Mom OK'd To Visit Injured 1-Year-Old El Paso hospital working with parents to pay for treating child hurt in Juarez violence.

Weather Forecast:  Partly cloudy with isolated showers and t-storms ... Lows in the 60s.     Albuquerque | New Mexico National Weather Service Radar Road Conditions | ABQ Pollen see weather in your neighborhood Weather Station Map Uptick in Shower Activity in N.M. Forecast click to continue (new 9:51 AM MDT)

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Getting Back to Class By Andrea Schoellkopf/ Journal Staff Writer       School's back in session.     That includes Hodgin Elementary, where weekend rainstorms flooded 21 classrooms, a computer lab, offices and the teacher lounge. Crews worked throughout the school Monday, with fans, disinfectant and deodorizers. With the new school year comes new means of parental notification, among other revisions from APS New schools chief sets goal of 9% boost in proficiency Investigators: Pilot Error Caused Eclipse Crash By Richard Metcalf/ Copyright © 2008 Albuquerque Journal Journal Staff Writer   Pilot error appears to have caused the recent crash of an Eclipse 500 jet at a small airport in Pennsylvania, according to a preliminary report by federal investigators. 1st-Class Ride for Ninja Bandit By Thomas J. Cole/ Copyright © 2008 Albuquerque Journal Journal Investigative Reporter   The good news for Matthew Griffin, a former Albuquerque police officer known as the Ninja Bandit, was that he flew first class — on the state's Cessna Citation jet at cost of nearly $6,000. Expert Says Saliva Belongs to Defendant By Scott Sandlin/ Journal Staff Writer   The prosecution rested its murder case against Phillip Busey late Monday after a police crime lab expert testified that Busey was the likely donor of saliva found on victim Kathryn Hauser's breast.

PNM Loses $143.5 Million By Copyright © 2008 Albuquerque Journal By Winthrop Quigley/ Journal Staff Writer   PNM Resources announced Monday that it lost millions of dollars in its second quarter, will cut its dividend and is considering selling one of its Texas operations. Fraud Hot Line Is Taking Calls By Dan Boyd/ Journal Capitol Bureau   SANTA FE — New Mexico's state auditor is turning to the public to help curb financial scandals such as those that have plagued state government in recent years. LANL Honors Retiring Senator By Jackie Jadrnak/ Journal Northern Bureau   LOS ALAMOS — When Bob Kuckuck heard people invoking the name of St. Pete as problems arose at Los Alamos National Laboratory, he figured they were talking about "some religious icon the Spaniards introduced here 200 years ago." Ex-Beatle, Girlfriend Tour N.M. on Old 66 Journal Staff and Wire Reports   Sir Paul McCartney and his new girlfriend, American Nancy Shevell, were spotted in Santa Fe over the weekend on their under-the-radar tour of Old Route 66 that has also included stops in Tucumcari and Gallup. Long, Krebs Agree in Principle By Greg Archuleta/ Journal Staff Writer   University of New Mexico athletics director Paul Krebs and football coach Rocky Long have agreed in principle on a new contract, Krebs said Monday. Could Marlins-'Topes Split Up? By Randy Harrison/ Journal Staff Writer   The marriage between the Florida Marlins and Albuquerque Isotopes has been "six excellent years," according to Isotopes managing partner Ken Young.

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A Brave Marine Who Left No Trace
By Jim Belshaw
  No mystery attaches itself to the final moment of Ken Worley's life. The formal language of the Medal of Honor citation makes clear how the 19-year-old Marine died.

Read past UpFront columns and meet the columnists Here

DOJ Sues El Paso Housing Authority Over Hiring Agreement click to continue (new 6:53 PM MDT)

UNM Regents Approve Public Records Changes click to continue (new 6:22 PM MDT)

NM Cultural Affairs Partners with Spencer Theater click to continue (new 6:20 PM MDT)

Another Space Launch at New Mexico Site click to continue (new 5:44 PM MDT)

State: E.Coli Cases Linked to National Outbreak click to continue (new 5:43 PM MDT)

Feds Add 7 Prosecutors To Combat Border Crime click to continue (new 3:30 PM MDT)

UTEP Launches Border Security, Immigration Program click to continue (new 3:26 PM MDT)

Recovery Team Reports on Status of Wolves in the Wild click to continue (new 12:06 PM MDT)

State Appeals Judge's Open Records Ruling click to continue (new 12:04 PM MDT)

Domenici Set To Endorse Pearce for Senate Seat click to continue (new 12:02 PM MDT)

ATF Chief Says Most Illegal Guns in Mexico Are From U.S. click to continue (new 9:54 AM MDT)

Roswell Police Seek Brother in Fatal Shooting click to continue (new 9:28 AM MDT)

New Journal Sections
  Fetch! will bring you ways to enjoy and care for your pets so you can bring to each other the best in companionship, health and fun. You'll find medical and behavioral advice from Dr. Jeff Nichol, cool gear to buy, a place to send your favorite pet photo and even pet memorials for loved ones you've lost.

  Energy Tips: Dr. Alan Zelicoff offers ways to save energy. For example, he'll show you how you can save gas by driving differently. Look for Dr. Zelicoff's tips on the Metro cover of the print Journal every Tuesday and go to ABQJournal.com/energy any time for more information.