SANTA FE, N.M. (AP) — New Mexico's state government is likely deliver a jolt of one-time spending amid the pandemic and provide sustained funding increases on health care and public education under a newly drafted budget bill. The lead House budget committee on Monday unanimously endorsed the spending plan for the coming fiscal year that increases general fund spending by $332 million for the fiscal year that starts July 1. That represents a 4.6% increase over current fiscal year spending. Total general fund spending would increase to $7.39 billion under the plan that includes a 1.5% raise for employees throughout state government, K-12 schools and public colleges and universities. Larger raises are slated for prison guards.
Draft state budget would boost salaries, school spending
By MORGAN LEE Associated Press • Feb 22, 2021