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Gov. Rolls Out $5.9 Billion N.M. Budget

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Gov. Susana Martinez rolled out a $5.9 billion state budget plan today that includes $101 million in new spending on public schools but no salary increase for teachers or state workers.

Martinez’s budget proposal also leaves nearly $50 million available for tax breaks intended to make New Mexico more economically competitive with its neighbors.

That’s up about 4 percent from about $5.6 billion this year.

The governor’s proposal is at odds with the budget proposal put forward Wednesday by the Legislative Finance Committee, which calls for a 1 percent increase in salaries for teachers and state workers.It would be their first salary increase since 2008.

The 2013 legislative session begins its 60-day session on Tuesday.

We’ll have more on the governor’s proposal in Friday’s Journal.

 

 

 

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