State Will Spend $5.6 Billion in Fiscal 2014

Santa Fe--The New Mexico State Senate passed the state’s proposed budget known as House Bill 2 with a vote of 34-6 last night. The budget that spends $5.6 billion in general fund dollars to run state government in fiscal year 2014. Of the $254 million in "anticipated" new revenue for fiscal year 2014, about $215 million will be spent. The remaining $36.6 million will be made available for tax relief or for other uses.
The Senate amended the House budget bill by including additional dollars for drug court, for soil and water conservation and for additional judgeships.

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