State solvency plan clears New Mexico House, trims raises | KOB 4

State solvency plan clears New Mexico House, trims raises

The Associated Press
Created: June 19, 2020 09:02 PM

SANTA FE, N.M. (AP) — The state House of Representatives on Friday approved a budget solvency plan that fills a gaping general fund deficit by harnessing federal recovery funds, tapping half of New Mexico’s financial reserves and pulling back planned spending increases.

General fund spending for the fiscal year that begins July 1 was revised downward to $7 billion from $7.6 billion, while keeping some spending increases on public education.


New Mexico legislators also pushed forward Friday with temporary election reforms and an initiative to require body cameras by all law enforcement officers.

A proclamation celebrated Juneteenth without making it an official state holiday.

(Copyright 2020 by The Associated Press. All Rights Reserved.)

Comment on Facebook



Protesters condemn white supremacy following president's controversial comments

Cowboys for Trump founder banned from reservation

Candidates running for congress in NM react to presidential debate

Citing public health order, ABQ Aquarium pauses reopening

New Mexico reports 2 new deaths, 281 additional COVID-19 cases