New Mexico legislators back slower, sustained growth in government programs with budget plan
by Morgan Lee
Jan 06, 2024
3 minutes
Leading New Mexico lawmakers on Friday recommended a 5.9% increase in general fund spending for the coming fiscal year amid a windfall in oil-related income, while also sounding a cautionary note on the future of the state's petroleum bonanza and setting aside more money in savings and investment accounts.
The proposal from a lead budget writing committee to the Democratic-led would increase general fund spending by $566 million to $10.1
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