THE LEGISLATIVE FINANCE COMMITTEE PROPOSES A 7-BILLION DOLLAR BUDGET PLAN FOR NEXT FISCAL YEAR. IT’LL BE INTRODUCED THIS LEGISLATIVE SESSION THAT STARTS TUESDAY. THE PLAN RELEASED MONDAY STILL HAS EDUCATION AS IT’S STAR.
THE ALBUQUERQUE JOURNAL REPORTS THE PLAN WOULD USE TAX DOLLARS FROM THE INCREASE IN OIL AND GAS PRODUCTION TO PAY FOR TEACHERS RAISES. IT WOULD ALSO SEND MORE MONEY TO CLASSROOMS THAT HAVE HIGH NUMBERS OF AT-RISK STUDENTS. AND THE JOURNAL REPORTS IT WOULD ALSO ADD ANOTHER 10 DAYS TO THE SCHOOL YEAR.
IT’S A LOT LIKE THE PLAN PROPOSED FOR EDUCATION BY GOVERNOR MICHELLE LUJAN GRISHAM. BUT IT DOESN’T PROVIDE 300-MILLION DOLLARS TO PAY OFF A BACKLOG IN STATE FILM REBATES AND DOESN’T WIPE OUT THE YEARLY CAP ON FILM SUBSIDY SPENDING.
