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Gov. Susana Martinez has cut nearly $23 million from a capital improvement measure by vetoing more than 190 projects across New Mexico.
As signed by the governor, the bill allocates $107 million in severance tax bond proceeds for 280 projects. The measure provides $16 million in other financing for additional projects and to buy school buses.
The governor also signed another measure Wednesday that authorizes $139 million in projects for colleges, senior citizen centers and libraries but the property tax-supported bonds require voter approval. No projects were vetoed in the general obligation bond measure.
The governor contends the 10-year severance tax-backed bonds shouldn’t finance short-term projects or improvements that could be done by local governments.
Among the vetoes was $205,000 for a weight room for West Las Vegas school district.
