New Mexico State Spending Plan Heads to House Floor
19 Feb 2018
A plan to boost spending on roads and provide pay raises to top New Mexico elected officials, state workers and teachers is headed to the state House of Representatives for a vote.
A plan to boost spending on roads and provide pay raises to top New Mexico elected officials, state workers and teachers is headed to the state House of Representatives for a vote.
A House budget writing committee endorsed the $6.3 billion general fund spending plan. Amendments can be made as the bill moves toward House and Senate votes. Republican Gov. Susana Martinez can veto provisions line-by-line.
A boom in local oil production and rising petroleum prices are bolstering state government finances. Government income is expected to surpass current annual spending obligations by $292 million during the coming fiscal year.
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