HEADLINES : New Mexico
Gov. Rolls Out $5.9 Billion N.M. Budget
Gov. Susana Martinez rolled out a $5.9 billion state budget plan yesterday that includes $101 million in new spending on public schools but no salary increase for teachers or state workers.
Martinez's budget proposal also leaves nearly $50 million available for tax breaks intended to make New Mexico more economically competitive with its neighbors.
That's up about 4 percent from about $5.6 billion this year.
The governor's proposal is at odds with the budget proposal put forward Wednesday by the Legislative Finance Committee, which calls for a 1 percent increase in salaries for teachers and state workers.It would be their first salary increase since 2008.