NM House Puts Off $5B Budget Vote

From cbsnews.com - A proposed $5.6 billion New Mexico budget hit a last-minute snag in a House committee Monday after Republicans objected that several of the GOP governor's initiatives might get chopped if the state's revenue outlook dims. The Appropriations and Finance Committee postponed a final vote on the budget, and the chairman, Rep. Henry Kiki Saavedra, D-Albuquerque, said he was surprised by the GOP complaints because members of the panel had tentatively agreed last week on provisions of the spending plan.  The budget proposal calls for a spending increase of nearly $216 million, or about 4 percent, in the fiscal year that starts July 1.  However, the plan leaves about $41 million available for possible tax cuts — a high priority for the governor — or additional budget increases.  More News New Mexico


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