New Mexico Lawmakers Mop Up
POSTED: Thursday, March 4, 2010 - 6:39am
UPDATED: Thursday, March 4, 2010 - 11:11am
Tax Hikes Approved
Santa Fe, NM - (AP) - The Legislature has given final approval to a $5.6 billion budget and tax increases of more than $200 million to help pay for public schools and government programs next year.
Lawmakers are close to wrapping up a special session, but it will last at least another day.
The House and Senate are coming back on Thursday for what could be a final mop-up.
Pending in the Senate is an increase in the cigarette tax to raise $33 million, and measures to finance capital improvements.
A more than $200 million tax measure heading to Gov. Bill Richardson includes an increase in the gross receipts tax on goods and services, and a partial reinstatement of the food tax.