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Top News In 2022 State Budget Today - Breaking & Trending Today

House, Senate resolve budget disputes; nearly $8.5B plan moves to governor

After an eleventh-hour dispute between the House and Senate, New Mexico’s proposed budget for fiscal year 2023 the largest on record is back on track. A conference committee made up of three members from each chamber brokered a compromise over spending disagreements during a Wednesday morning meeting that lasted less than 10 minutes. […] ....

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House votes no on state budget amendments adopted by Senate

As the clock on the legislative session continued winding down to the noon Thursday deadline, a battle over New Mexico’s proposed $8.48 billion budget blew up. The House of Representatives on Tuesday voted against a motion to concur with amendments adopted by the Senate. “I urge the body to vote no” on concurrence, said Rep. […] ....

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Key legislative committee endorses revised $8.4 billion spending plan

The Senate Finance Committee put its stamp of approval Sunday on an amended $8.4 billion spending plan for the state of New Mexico that includes additional funding for criminal justice initiatives, road projects and a school of public health. The overall budget proposal, which the committee advanced to the full Senate in a unanimous vote, […] ....

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House approves 'transformative' $8.47B budget | The NM Political Report

A record-high $8.47 billion budget that would boost state government spending in New Mexico by nearly 14 percent in the upcoming fiscal year passed the House on a 56-13 vote Thursday after a three-hour debate that largely focused on whether the unprecedented level of spending is sustainable. The proposed budget, which includes funding to give […] ....

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House panel advances record $8.47 billion budget bill | The NM Political Report

Lawmakers have described the budget-making process in state government as a nightmare when times are lean. But with projections of record revenues, due in part to expected growth in taxes, rebounding oil and gas markets and federal pandemic relief, one legislator likened New Mexico’s proposed spending plan for fiscal year 2023 as a dream come […] ....

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