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Sat Jun 13, 2020, 12:47 PM

New Mexico Gov. Michelle Lujan Grisham makes recommendations ahead of special session

SANTA FE, N.M. New Mexico Gov. Michelle Lujan Grisham on Wednesday urged lawmakers to tap state reserves and federal recovery money to preserve some state spending increases, including a 2% pay bump for public school personnel and state workers.

State lawmakers are considering an even smaller pay hike or none at all as New Mexico confronts a harrowing decline in annual state government income linked to the economic fallout from coronavirus pandemic, including faltering local oil production. The Democrat-led Legislature meets next week to rewrite a spending plan for the fiscal year starting July 1.

State government economists on Wednesday revised estimates for state government income downward by $439 million for the current fiscal year ending on June 30 and by just under $2 billion for the coming fiscal year.

Estimated revenues for the coming fiscal year are estimated at $5.9 billion. The budget signed in mid-March would have increased state general fund spending by nearly 8% to $7.6 billion, with 4% pay increases at schools and state agencies.

Read more: https://www.currentargus.com/story/news/local/new-mexico/2020/06/11/new-mexico-governor-makes-recommendations-ahead-special-session/5339880002/
(Carlsbad Current Argus)

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