New Mexico House And Senate Seek Compromise On Budget Fix
New Mexico House and Senate seek compromise on budget fix
SANTA FE, N.M. (AP) — New Mexico lawmakers sent a bill aiming to help solve the budget crisis to the governor Tuesday even as new disagreements emerged over how to fix the $80 million deficit and rebuild reserves.
A bill that would tap tax payments by insurance companies immediately instead of waiting for the next fiscal year won final approval in the state Senate.
The provisions would free up $88 million to shore up the general fund, with some effects on the flow of money to volunteer fire departments and local law enforcement. Republican Gov. Susana Martinez has three days to decide …