HB 2 - Establishes Budget for Fiscal Year 2018-2019 - New Mexico Key Vote

Stage Details

Title: Establishes Budget for Fiscal Year 2018-2019

Title: Establishes Budget for Fiscal Year 2018-2019

Vote Smart's Synopsis:

Vote to pass with amendment a bill that establishes a budget for fiscal year 2018-2019.

Highlights:

 

  • Appropriates $44 million for state roads (Sec. 5).

  • Reduces the restoration of public school cash balances from $10 million to $5 million (Sec. 5).

  • Appropriates $5.6 million for a 1-percent increase in higher education instruction (Sec. 5).

  • Authorizes a 2-percent increase in salaries for judges, correctional officers and state police (Sec. 8)

  • Appropriates $3.1 million for public school support (Sec. 4).

  • Appropriates $8.3 million for health, hospitals, and human services (Sec. 4).

  • Appropriates $2.93 million for higher education (Sec. 4).

  • Authorizes a transfer of $30 million from the road fund and $45 million from other funds and revenue to address the brine well crisis (Sec. 5).

  • Authorizes a transfer of $65 million from the general fund reserves if revenues fall short (Sec. 11).

Title: Establishes Budget for Fiscal Year 2018-2019

Vote Smart's Synopsis:

Vote to pass a bill that establishes a budget for fiscal year 2018-2019.

Highlights:

 

  • Appropriates $44 million for state roads (Sec. 5).

  • Reduces the restoration of public school cash balances from $10 million to $5 million (Sec. 5).

  • Appropriates $5.6 million for a 1-percent increase in higher education instruction (Sec. 5).

  • Authorizes a 2-percent increase in salaries for judges, correctional officers and state police (Sec. 8)

  • Appropriates $3.1 million for public school support (Sec. 4).

  • Appropriates $8.3 million for health, hospitals, and human services (Sec. 4).

  • Appropriates $2.93 million for higher education (Sec. 4).

  • Authorizes a transfer of $30 million from the road fund and $45 million from other funds and revenue to address the brine well crisis (Sec. 5).

  • Authorizes a transfer of $65 million from the general fund reserves if revenues fall short (Sec. 11).

Title: Establishes Budget for Fiscal Year 2018-2019

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