Richardson Open To Food Tax

New Mexico – Gov. Bill Richardson is opening the door to changes in New Mexico's food tax repeal as lawmakers look for ways to shore up the state's troubled budget.

Richardson says the state could bring back taxes on soft drinks and candy by closing loopholes in the food tax repeal that took effect in 2004. The governor also says he's open to increases on tobacco taxes.

Richardson spoke Tuesday to the Greater Albuquerque Chamber of Commerce at the Sandia Pueblo casino and resort.

He says he's not saying no to a return of the food tax, but he's not enthusiastic about it.

Chamber President and CEO Terri Cole says she's encouraged by the governor's comments. The chamber supports a return of the food tax that Cole says would raise $229 million annually.

Copyright 2010 The Associated Press.