KUNM

Budget Shortfall

Budget Crisis Hits New Mexico Classrooms

Feb 20, 2017
Hannah Colton/KUNM

In January, Governor Susana Martinez signed off on a plan to use $46 million from public schools' cash reserves to fill part of this year’s budget gap.

Education spending in New Mexico still hasn’t recovered from the 2008 recession, and as oil and gas revenues continue to stagnate, schools are bracing for more cuts. 

Tax Credits via Flickr / Creative Commons

State lawmakers in Santa Fe are wrestling with a fiscal crisis. And the debate is familiar: cut spending or raise taxes in order to balance the budget. How would voters solve this problem?

Governor's Proposed Pension Shift Cuts Public Employees' Take Home Pay

Jan 11, 2017
Ken Teegardin / Creative Commons via Flickr

Governor Susana Martinez designed a budget plan to close the state's funding shortfall, while sticking by her vow to avoid tax increases. The plan was announced Tuesday. It preserves funding for economic development and public safety, while deepening cuts at the Legislature and state universities. 

AgencjaAIAC via Pixabay / creative commons license

An organization based in Santa Fe is hoping lawmakers will consider a plan in an upcoming special session that would raise taxes on all alcoholic beverages. The group recently commissioned a poll that found a majority of New Mexicans are in favor that idea—but Governor Susana Martinez has said she won’t support any kind of tax hike.

UNM Students To Pay New Online Fees

Aug 29, 2016
401(K) 2012 via Flickr / Creative Commons License

Students at the University of New Mexico who pay their tuition online are going to have reach deeper into their pockets this semester. A 2.75 percent processing fee kicked in about a week before classes started.