Legislative Finance Committee releases nearly $11B budget proposal

SANTA FE, N.M. (KRQE) – With the legislative session just days away, a key committee of lawmakers shared how they hope to spend taxpayer dollars with a big focus on education, behavioral health, and infrastructure. The budget proposal from the legislative finance committee is nearly $11 billion, more than half-a-billion dollars more than last year.

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“New Mexico is in the best financial situation it’s ever been in its history,” said Senator George Munoz.

Lawmakers said they’re optimistic about their budget recommendation for the upcoming year, which looks to spend $10.8 billion from the state’s general fund. “This budget is a responsible investment in New Mexico’s future. It continues doing something that I think we really emphasized the last couple of years using now money to make future money,” said Senator Peter Wirth (D)…

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