Governor Martinez presents $6.3B budget proposal
Governor proposes $6.3B budget
Gov. Susana Martinez presents her budget proposal for the next fiscal year Monday at Doña Ana Elementary School in Las Cruces. Martinez unveiled a nearly $6.3 billion spending plan for growing New Mexico’s economy and bolstering severak education initiatives. Andres Leighton/The Associated Press
Posted: Monday, January 12, 2015 8:00 pm | Updated: 1:13 am, Tue Jan 13, 2015.
Gov. Susana Martinez’s budget office on Monday announced its $6.3 billion budget recommendation for the fiscal year that begins July 1. It strays little from the Legislature’s budget proposal, except the governor aims to advance her education reform agenda with the spending package.
In size, Martinez’s plan is comparable to the budget the Legislative Finance Committee unveiled Friday. Both are based on $141 million in revenue growth, a figure that’s been steadily declining along with falling oil prices.
“We’ve taken a responsible approach to spending that prioritizes available dollars on reform in education and improving economic growth,” Martinez said during a news conference at a Las Cruces elementary school. “I am confident that we will once again be able to come to agreement with the Legislature on a responsible budget that continues to prioritize these critical goals and keep moving New Mexico forward.”
Read more here: http://www.santafenewmexican.com/news/local_news/governor-martinez-presents-b-budget-proposal/article_835ee96b-7128-50f8-bbb0-788c07eb13b7.html