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LISTEN: How Should New Mexico Fix Its Budget?

Jan 24, 2017
Illustration by ccPixs.com

 

KUNM Call In Show 1/26 8a: Lawmakers have converged on Santa Fe for a two-month session during which their most pressing problem will be fixing a big hole in the state’s budget. This week we’ll talk about the governor’s proposal to cut already trimmed state funding and ask state employees to pay more into their retirement funds. We'll hear from Democratic lawmakers who say it’s not fair to make workers pay more before eliminating tax breaks for the wealthy and big business. 

Revenue Forecast: $285 Million Available Next Year

Aug 25, 2014
401(K) 2012 via Flickr / Creative Commons License

A new financial forecast estimates about $285 million will be available in the next budget year for spending increases on state government programs, public education and to offset potential tax cuts.

Officials in Gov. Susana Martinez's administration outlined the revenue projections Monday to the Legislative Finance Committee during a meeting in Las Vegas.

If the Legislature and governor agree to put all $285 million into programs and services, that would allow a 4.6 percent increase in spending in the 2016 fiscal year, which begins next July.