Sat. Apr 13th, 2024

PROPOSED BILL WOULD RAISE GENERAL FUND SPENDING NEARLY 11 PERCENT

SANTA FE (AP) – In the legislative update, New Mexico lawmakers are eyeing a proposal from the House Budget writing committee, that if passed, would increase the state general fund spending by about 11 percent and provide a 6 percent pay increase for public school teachers across the state. House Appropriations and Finance Committee Chairwoman Patriciai Lundstrom says that the spending plan for the fiscal year that begins July 1st, is designed to address a court order to provide more resources for public education; the AP reports. The amount comes to around $7 billion, and would increase public school funding by for than $450 million, which would stop short of spending recommendations by Governor Michelle Lujan-Grisham. The bill includes a 4 percent pay increase for nearly all state workers.

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