Friday, January 20, 2017

As lawmakers wrangle with deficits, House cuts legislative budget

As lawmakers wrangle with deficits, House cuts legislative budget By Bruce Krasnow and Andrew Oxford | The New Mexican | 15 hours ago As New Mexico lawmakers work to rebalance government spending for the current fiscal year and prepare to craft a spending package for fiscal year 2018, state House members have agreed to cut their own funding. In a unanimous vote Thursday evening, the House decided to shave about 2.5 percent from the Legislature’s budget and revert some of its own reserve funds. The move follows lawmakers’ decision during a special session last fall to cut 3 percent of legislative spending. The bill will save about $1 million overall, leaving a budget of about $8.7 million for the 60-day session. The original bill called for a legislative budget of about $24.4 million, funding not just the session but also year-round legislative staff and committees that meet in the months between sessions.

No comments:

Post a Comment