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budget comes together, but veto pen hangs in the balance

budget comes together, but veto pen hangs in the balance News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



budget comes together, but veto pen hangs in the balance

heath haussamen / nmpolitics.neta statue outside the roundhouse in santa fe.the final pieces of a 2018 fiscal year budget were falling into place thursday with just enough money to balance spending and send lawmakers home without the need for a special session.those measures were advancing even as other bills — such as an effort to increase the tobacco tax or raise money by closing tax loopholes — died in committees and looked to jeopardize any final agreement.one of the developments came as hospital executives met with gov. susana martinez to discuss a section of house bill 202, which increases taxes and fees in several areas. one of its provisions would equalize the gross receipts tax on all nonprofit and for-profit hospitals, with the money earmarked for medicaid.the new mexico hospital association helped craft a compromise with lawmakers to support the tax if some of the $80 million raised could be used to bridge a shortfall in medicaid, which costs the state $916 million a year. one hospital executive heading into the meeting said they were going to tell the governor to support the tax.also thursday, the new mexico house of representatives was set to vote on final passage of the $6.1 billion spending plan, sending it on to gov. martinez. the concurrence vote was expected late thursday night or friday.but the budget is not balanced without $130 million in new money, and one way lawmakers want to solve that is with hb 202. unless the governor agrees to some of the tax ...