13
edits
Changes
→Enron accounting: changed to "accounting scandal" -- a more objective title
Richardson was elected governor of New Mexico in November 2002. In his first year, Richardson proposed and won passage of Reagan-style "tax cuts to promote growth and investment" and passed a broad personal income tax cut and won a statewide special election to transfer money from the state's Permanent Fund to meet current expenses and projects. <ref>[http://web.archive.org/web/20030201-20051229re_/http://www.upi.com/view.cfm?StoryID=20030219-071745-7704r New Mexico cuts taxes to stimulate economy], Phil Magers, United Press International, 2/19/2003.</ref>
Richardson was elected governor of New Mexico in November 2002. In his first year, Richardson proposed and won passage of Reagan-style "tax cuts to promote growth and investment" and passed a broad personal income tax cut and won a statewide special election to transfer money from the state's Permanent Fund to meet current expenses and projects. <ref>[http://web.archive.org/web/20030201-20051229re_/http://www.upi.com/view.cfm?StoryID=20030219-071745-7704r New Mexico cuts taxes to stimulate economy], Phil Magers, United Press International, 2/19/2003.</ref>
==Enron accounting==
==Accounting scandal==
The Albuquerque Journal reported on June 12 2005, that a New Mexico State Auditor concluded the Governor used "[[Enron]] type accounting" after his administration "circumvented the Legislature and proper accounting procedures when it opened the office in 2004 because it used money intended for the [http://www.state.nm.us/tax/ Taxation and Revenue Department] to pay for the governor's Albuquerque digs." The Governor had opened an office in Albuquerque five minutes from the airport to meet with potential out of state donors for his 2008 Presidential campaign without inconveniencing them with the two hour round trip to Sante Fe.
The Albuquerque Journal reported on June 12 2005, that a New Mexico State Auditor concluded the Governor used "[[Enron]] type accounting" after his administration "circumvented the Legislature and proper accounting procedures when it opened the office in 2004 because it used money intended for the [http://www.state.nm.us/tax/ Taxation and Revenue Department] to pay for the governor's Albuquerque digs." The Governor had opened an office in Albuquerque five minutes from the airport to meet with potential out of state donors for his 2008 Presidential campaign without inconveniencing them with the two hour round trip to Sante Fe.