About $7.6B in New Mexico capital outlay funds remained unspent in recent months, new report says

About $7.6B in New Mexico capital outlay funds remained unspent in recent months, new report says

Construction crews work on underground pathways for a pipeline that has received a combination of state capital outlay and federal funds and is planned to serve 73,000 rural New Mexicans with drinking water. (Courtesy of Eastern New Mexico Water Utility Authority)About $7.6 billion intended for more than 6,400 big-budget projects across New Mexico remained unspent at the end of last fiscal year, according to a new Legislative Finance Committee a…