House Democrats’ Clear First Hurdle to Raise New Money for NM

House Democrats’ Clear First Hurdle to Raise New Money for NM

If Passed, New Revenue Could Mitigate Further Cuts to Already Struggling Areas of Education, Health Care, Mental Health Services, and the Courts

Santa Fe, N.M. – House Democrats took their first step today to their widespread effort to bring new money to the state in an effort to stave off further devastating cuts. HB 202, cleared its first hurdle this morning by passing out of the Tax and Revenue Committee by a 8 to 7 vote.

“This is a step forward toward correcting the inequity and doing it in a way that is targeted,” said Speaker of the House Brian Egolf (D-Santa Fe). “This bill is a compromise that doesn’t hit the pocketbooks of everyday New Mexican families and this is something they can live with because it still supports critical services that hardworking families depend on.”

In recent years, New Mexico has been forced to make across-the-board budget cuts and lay-offs in vital areas, such as education, health care, and public safety. In order to minimize further cuts to these critical state programs, House Democrats are proposing a four-pronged priority package to increase the state’s revenue by an estimated $265 million in FY18 and $270 million in FY19.

“These are unprecedented times with our state’s budget,” said the bill’s sponsor Representative Carl Trujillo (D-Santa Fe) “We’ve made plenty of cuts already to our schools and to other critical areas and we have turned over every rock finding unused cash balances. During these unprecedented times, responsible actions are needed.”

HB 202 will now move to the house floor.

Fact Sheet on the package is available here.