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New Mexico governor signs spending, pay increases

Democratic New Mexico Gov. Michelle Lujan Grisham has authorized a nearly 12 percent increase in general fund spending for the coming fiscal year that includes across-the-board pay increases for teachers and state workers.

The governor on Thursday signed a $7 billion budget for the fiscal year that starts July 1 without major adjustments to the spending plan from the Democratic Legislature.

Spending on public schools alone will increase by $446 million to $3.2 billion. Substantial funding increases also are slated on economic development incentives and for child protective services, with enough money to fund 26 new positions.

Record-breaking oil and natural gas production in Southeast New Mexico has produced a windfall in state income.

The signed bill sets aside reserves equal to 20 percent of annual spending obligations.

(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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