Successfully Ushered Legislation to Close $600 Million Shortfall without Tax Hikes, Protecting Classrooms and Children, Priorities for Families

(Santa Fe, NM) - New Mexico Senate Democrats tonight successfully passed a package of bipartisan legislation that balances the state's budget. In fact, for the 2017 Fiscal Year, the measures create a surplus of $91 million. The Senate's blueprint, passed during the one-day special legislative session, erases an estimated $600 million deficit for Fiscal Years 16 and 17 through a combination of expenditure cuts, unspent balance sweeps, revenue adjustments and re-purposing of capital outlay funds. Democrats called for shared sacrifice, while protecting the priorities of families, children and classrooms.

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