As time was running out on the 2020 30-day New Mexico Legislative Session this week, the Senate Finance Committee put its final touches—some might say “slashes”— on House Bill Two, the state’s main budget bill.
Tom Trowbridge reports from the Roundhouse:
Runs 1:289 Q: Std
The powerful Senate panel reduced the spending plan for the coming fiscal year by nearly 143-million dollars over what the House had approved.
This is Finance Committee Chairman John Arthur Smith:
The CPI the Deming Democrat refers to is the Consumer Price Index, a regional measure of inflation.
The Senate budget revisions roll back by one-percent teacher raises. The proposal also sets aside money for the governor’s tuition-free college initiative. It increases general fund spending by 536 million dollars for the fiscal year that starts on July first.
Time is running out for lawmakers to agree on the budget: The 30-day session adjourns Thursday at noon.
For the New Mexico News Network, I’m Tom Trowbridge