--2 LFC Recommends 4.3 Percent Increase in State Spending
         
Dec. 9, 2016
DSC_0087

LFC Recommends 4.3 Percent Increase in State Spending

State employee would get slight salary increases under proposal

January 3, 2014, 11:00 am
By Justin Horwath

The Legislative Finance Committee recommended Friday that lawmakers increase state spending by 4.3 percent in the next fiscal year, bringing the total budget to f $6.15 billion, a $253.5 million hike over what's being spent during the 2014 fiscal year.--

The governor's office is also expected to introduce its own budget proposal before the Legislature convenes on Jan. 21, when during a 30-day session the two branches of government will hash out the differences in how to spend millions of taxpayer dollars, with lawmakers hoping the governor won't veto the budget bills they send to her desk and instead will sign them into law.

Rep. Luciano "Lucky" Varela, D-Santa Fe, pictured above at the podium, chairs the LFC, a panel that provides fiscal oversight on state spending and gives recommendations of how that money should be spent. 

In a press conference Friday, Varela and other members of the committee unveiled their recommendations that this year, lawmakers and the governor agree to increase early childhood initiatives by $35 million, $12 million of which would be put to early childhood initiatives and the program K-3 Plus, $4 million for home visits for high-risk families with infants and $10 million to pre-kindergarten initiatives. 

Notably, the plan also includes a 1.5 percent cost-of-living increase for all state, public school and higher education employees, which would cost the state about $50 million. 

The panel says that funding for higher education and public schools makes up about 58 percent of its budget recommendation. It proposes to pump $2.7 billion more in spending on public schools, a five percent increase from the current fiscal year. 

Read the panel's full recommendations here


 

comments powered by Disqus
 

Morning Word: Dozens of Problems Could Stall WIPP Reopening

Morning Word  Officials say they'll take the time needed to make the improvements to ensure a safe re-opening. ... More

Dec. 08, 2016 by Peter St. Cyr

Newsletters

* indicates required
Choose your newsletter(s):
November 9, 2016 by Gwyneth Doland  
November 16, 2016 by Steven Hsieh  
November 9, 2016 by Steven Hsieh  
November 9, 2016 by Steven Hsieh  
November 9, 2016 by Elizabeth Miller  

@SFReporter on Instagram

 

 
Close
Close
Close