On June 18th, Gov. Michelle Lujan Grisham convened a special legislative session to address the state’s huge fiscal shortfall caused by the oil price crash and novel coronavirus pandemic. The modified budget approved by both the House and Senate that was sent to the Governor uses a combination of spending cuts and federal funding to deal with a projected $2 billion drop in state revenue for the next fiscal year. The revised fiscal year 2021 budget reduces spending by more than $600 million, bringing the budget to $7 billion. The revised budget reduces spending by 4 percent for most state agencies.
For more information, contact NACDS’ Mary Staples at 817-442-1155.