June 19th Special Session Briefing from Dale Janway

Here’s an update on the Special Session from Mayor Dale Janway:

“Solvency bills aimed at addressing a projected $2 billion state revenue drop received initial approval from the House and Senate, with the debate largely falling along party lines.

The House approved a $7 billion budget in a 46-24 vote, with Republicans opposing the budget plan because they felt the overall state budget should be further reduced.

The bill reduces proposed spending increases for state agencies and public schools and relies on $750 million in federal dollars from the Coronavirus Aid, Relief and Economic Security Act. It alsouses about half of the state’s $1.7 billion in cash reserves, according to the Albuquerque Journal.

Under the current solvency bill, New Mexico teachers and school employees would get 1 percent salary increases, as would state employees making less than $50,000. Teachers and state workers were originally slated to receive 4 percent raises.

Senate Bill 5 would cancel stalled capital outlay and road projects and reduce spending by $141 million. It passed through the Senate 36-6 on Friday. The Legislature is also considering bills dealing with tax penalty forgiveness and financial aid for businesses and municipalities through low-interest loans.

Our local legislators have been doing everything they can to support us and are working well past 1 a.m. to get through this session while also debating issues related to justice code and police reform. Please keep them in your prayers.”

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