Today, Governor Susana Martinez signed New Mexico’s Fiscal Year 2015 State Budget, which enacts several initiatives to increase New Mexico’s healthcare workforce, invests in key job creation efforts, and expands education reform initiatives as a means of getting more education dollars into the classroom to help struggling students and schools.
As signed, the $6.15 billion budget increases state spending by 4.3 percent over the current fiscal year. Education spending increases by 5.75 percent to a record high of $2.7 billion.
“Over the past three years, we have worked in a bipartisan way to restore our state’s firm fiscal footing after years of over-spending, and the budgets we have passed have enacted moderate, responsible spending growth. Along the way, we have invested heavily in public education and early childhood programs, expanded job creation efforts, and provided for a strong safety net to help the most vulnerable,” Martinez said. “As signed, this budget continues these important efforts, and I’m thankful that the early gridlock in the budget process eventually gave way to compromise and a willingness to find common ground.”