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

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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.)

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