Gov. Bill Richardson today presented a budget-balancing plan to legislative leaders that addresses a $441 million revenue shortfall for this fiscal year, while keeping education spending intact.
“As promised, my plan closes the budget gap in a fiscally responsible way, without cutting education or increasing taxes,” Richardson said. “This plan, which is based on current revenue projections, is meant to start the discussion to resolve this deficit. I look forward to hearing additional ideas that legislative leaders may have.”