New Mexico state budget a week overdue

From KOB-TV.com - By: Stuart Dyson, KOB Eyewitness News 4 - The only absolutely mandatory piece of business in the 30-day legislative session is now almost a week overdue. It is the New Mexico state budget that will run state government and the public schools and universities for an entire year. The budget was scheduled, by law, to be voted on by last Tuesday in the state House of Representatives and then sent over to the state Senate. Instead it has languished in the House Appropriations Committee while lawmakers worked out a compromise. They reached agreement Monday morning, unanimously approving the budget bill and moving it along to the House floor, where it could get an up or down vote as early as Tuesday, but more likely on Wednesday.  What held things up in the Appropriations Committee was a disagreement between Democrats and Republicans over how much power to give the governor to either cut spending, if revenues don't roll in as expected, or to cut taxes for small businesses if the revenues do come in. Read more

New Mexico state budget a week overdue