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NM could lose up to $25M in tobacco revenues

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By Barry Massey
The Associated Press

SANTA FE — Gov. Susana Martinez’s administration plans to cut spending on several health and education programs because New Mexico faces the loss of up to $25 million from a nationwide settlement with tobacco companies.

The state expected to collect about $39 million in tobacco payments in the current budget year. However, the attorney general’s office said Wednesday that amount will be lowered because of an arbitration ruling against New Mexico and five others states in September.


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