March 1, 2016

Martinez signs spending bill for next budget year -- Albuquerque Journal

Gov. Susana Martinez signed off Monday on a $6.2 billion spending plan for the coming budget year that relies on one-time fixes, such as diverting money from government accounts and drawing down the state’s cash reserves, to avoid steep budget cuts.

But even with the budgetary tourniquets, overall New Mexico state spending is set to decrease next year for the first time in five years as plummeting oil and natural gas prices take their toll on the state’s economy. -- 2/29/206