Albuquerque, New Mexico 2021-01-12 19:25:31 –
The Legislative Finance Commission wants a 4% increase in spending. The total budget is $ 7.36 billion.
This is slightly higher than the budget proposed by the governor, resulting in a 3.3% increase in spending.
State legislators say their spending plans do not include significant cuts, leaving a 22% reserve.
“We want to make sure that the department has the funds available for the services it needs,” said Patty Landstrom. “That is, it’s all about New Mexicans and will help us overcome this pandemic and economic downturn.”
Parliamentarians are also proposing $ 60 million to get about 1.5% salary increases for public school employees, public school employees, and higher education employees.
“I believe this is the budget we are all very proud of, the beginning of House Building 2, and the beginning of the state budget we will eventually send to the Governor for signature.” Javi Martínez said.
Lawmakers say efforts to build up strong reserves and federal incentives have eased the impact of the recession caused by the pandemic.
NM lawmakers unveil budget that would increase state spending by 4% Source link NM lawmakers unveil budget that would increase state spending by 4%