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The Legislature convened on Tuesday for its 49th session and faces many budgetary issues.
In his State of the state address, Gov. Richardson mentioned the state’s rainy-day fund, in which there is more than $400 million to help cover the huge deficit the state faces.
Republican Minority Leader Rep. Thomas Taylor and Minority Whip Rep. Keith Gardner agreed that the state faces some serious matters.
“New Mexico is in a financial crisis,” Taylor said. “There are serious challenges ahead of us. The problem is more serious than the public is viewing it,” he continued.
Regarding the rainy-day fund, Taylor said, “It’s been raining for a few years. We’ve spun ourselves into a new level of funding.”
He also said that the governor seems to be spending more money on education than on healthcare.
In addition to the already bold agenda, lawmakers will be tasked with trying to figure out how to balance the state budget that is currently $450 million in the red.
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