At the Roundhouse Monday, State Senators approved a supplemental revenue package to augment New Mexico’s general fund budget for the fiscal year that begins in July.
Tom Trowbridge reports from Santa Fe:
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House Appropriations and Finance Committee Chair, Democrat Patricia Lundstrom of Gallup recently updated her New Mexico State House and Senate colleagues that the revenue forecast for the state was better than expected…to the tune of 300-million dollars in additional revenues.
The news didn’t take long to materialize into a supplemental spending bill. On Monday, the New Mexico Senate considered Senate Bill 377: a measure to augment the House-approved House Bill Two: the state’s main budget bill.
Gallup Democrat George Munoz chairs the Senate Finance Committee.
Farmington Republican William Sharer—known as a financial conservative—praised the supplemental spending bill, saying all Senators had a say in expressing priorities, adding it was a transparent process to get it to the floor.
Senate Bill 377 passed without opposition. It now moves on to the House.
For the New Mexico News Network, I’m Tom Trowbridge