New Mexico April 2019
Budget and Tax Bill Signed by NM Governor
Michelle Lujan Grisham, New Mexico’s governor, signed a $7 billion budget in early April. Almost half of the budget is for public education. The $3.2 billion for public schools is aimed at increasing funding for educator salaries, at-risk schools, bilingual programs, and instructional materials. Colleges were also included in the budget. The budget includes funds towards the teacher loan repayment, the college affordability fund, and a state adult literacy program. The budget also provides pay raises for public employees and millions for New Mexico’s roads including US 285 and Interstate 10.
Governor Michelle Lujan Grisham also signed a tax bill. While the tax bill raised some concerns, it is projected that there would be $71 million in additional revenue to help meet these spending needs. There were also some concerns over whether the budget will be sufficient to meet the demands of the Yazzie/Martinez court ruling in which New Mexico’s government will be required to raise the quality of education for the at-risk student population