January 12, 2017

LFC budget proposal sets up clash with governor -- Santa Fe New Mexican

Legislative leaders propose a $6.05 billion budget for 2017-18 that would trim the spending of state agencies by an average of 0.4 percent and count on lawmakers to either raise taxes or find additional cuts to balance New Mexico’s books when they gather Tuesday in Santa Fe for a 60-day session.

The chairman of the New Mexico Legislature’s budget-writing committee said Wednesday that, unlike the governor, he will not push to close the state’s current deficit by requiring public employees pay a greater share of their salaries into their pension accounts nor drain about $125 million in cash reserves from local school districts. -- 1/12/2017