The 2020 New Mexico Legislative session adjourned Thursday with a compromise budget in place for the fiscal year that begins in July with state revenues in surplus-mode despite some calls for greater state spending.
Tom Trowbridge reports from the Roundhouse:
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The seven-point-six billion dollar general fund budget represents an increase of eight-percent over the current fiscal period’s bottom line.
At a post-session news conference Thursday, Governor Michelle Lujan Grisham was asked to counter criticism over state spending growth of 20-percent over the last two years …and what happens should oil and gas prices decline.
Republican lawmakers—a solid minority in both chambers—expressed concern about the level of public sector spending.
For the New Mexico News Network, I’m Tom Trowbridge