Price Tag for Special Session Grows as Students Feel the Pinch
School funds, scholarships, and students swept aside as for-profit corporations continue to reap tax benefits
Santa Fe – Early this morning, Senate Bill 2, the “sweeps” bill which swept funds statewide passed the House on a vote of 39-26. Additionally, Senate Bill 12, the feed bill, also passed the Republican-led House on a vote of 58-12, adding to the price of the special legislative session called to address the Republican-created budget shortfall. An amendment to SB 2 introduced by House Republicans increased the amount swept from the college affordability fund by $2 million to a total of $5 million, effectively starving the fund. The college affordability fund is the only needs-based scholarship in the state for underprivileged students.
“It’s sad that House Republicans are completely reluctant to reduce corporate income taxes, or to tax internet sales,” stated Andres Romero (D-Albuquerque). “It is unfortunate that the budget has been balanced on the backs of underprivileged college students.”
Passage of Senate Bill 12, the feed bill, added to the price tag on the House component of this year’s special session by $107,000. The total cost of House Republicans inaction and distractions on the budget comes to at least $192,000. Both will now move to the reconvened Senate later today for deliberations on concurrence.