Gov. Susana Martinez signs $6B state budget

Posted at: 03/11/2014 11:50 AM
By: BARRY MASSEY, Associated Press

RIO RANCHO, N.M. (AP) - Gov. Susana Martinez has signed a $6 billion state budget but cut spending about $27 million with line-item vetoes.
The governor signed the measure on Tuesday but eliminated $2.4 million that would have provided pay raises for judges, district attorneys and appointed government workers.
Martinez also eliminated $15 million for public schools because she said the money isn't needed until 2016 when newly enacted changes in the state's school funding formula take effect.
The governor also vetoed $4 million for a college endowment fund. Lawmakers didn't overhaul the fund as requested by Martinez to make colleges compete for the money and target it to recruiting professors in critical areas such as math and science.
The budget, as signed by the governor, provides for a 4.3 percent spending increase next year

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