There were 1,884 press releases posted in the last 24 hours and 439,451 in the last 365 days.

House GOP calls out smoke and mirrors budget

Santa Fe- This evening the New Mexico House of Representatives passed House Bill 1 on a party line vote of 46 – 24. House Republicans voted no on the measure because this budget does not address the government spending increases over the past two years and will lead to tax increases and a bleak budget outlook for New Mexicans.

For the past several months, House Republicans have called upon the Governor and Speaker of the House to seriously address the budget crisis and the looming deficits as the state moves forward post-COVID. The current spending plans do little to mitigate the severe loss of revenue the state will face as we all move forward and begin to rebuild the economy.

“Smoke and mirrors budgeting will compound the negative outlook in our state’s budget,” said House Republican Whip Rod Montoya. “Protecting lawmakers from making these tough decisions- that all New Mexicans are having to make by the way- will force the legislature to impose massive tax increases next year on people who are still lucky enough to have a job.”

###

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.