Senate passes $6.23 billion budget (SF New Mex)

Senate passes $6.23 billion budget

    Posted: Monday, March 16, 2015 11:00 pm | Updated: 11:34 pm, Mon Mar 16, 2015.

    New Mexico senators late Monday approved a $6.23 billion state budget that members called austere but reasonable, given that new revenue streams shrank because of declining oil prices.

    The budget allows for modest funding increases in education, behavioral health care and other select programs. It carried on a 38-3 vote without any significant disagreements being raised during a brief floor debate.

    Sen. John Arthur Smith, chairman of the Finance Committee, said crafting the budget was not a pleasant job because anticipated revenue gains from oil kept declining.

    Read more here: http://www.santafenewmexican.com/news/legislature/senate-passes-billion-budget/article_09846f99-8cb7-56f5-8cc5-bc6da71d9cb5.html