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New Mexico Legislature Adopts 522.3 Million General Fund Plan
The New Mexico Legislature adjourned after approving 522.3 million in general fund appropriations for 1977, with 499.5 million for recurring expenses and 22.8 million of the current year's 33.1 million surplus. The margin between spending and projected revenue is 1.7 percent. A House Appropriations member voiced disappointment at no tax relief, while a Senate leader warned revenues must match estimates. The session also considered a 0.25 percent municipal gross receipts tax with home rule city authority, and capital improvements for Conchas Lake. Gov. Apodaca and Republican Leader Conway sparred over leadership and direction.
MENTIONED IN THIS ARTICLE
Santa PE
New Mexico
Senate Finance Committee
Bill Lee
D-Lovington
State Finance Department
Jerry Apodaca
Las Cruces
House Appropriations
Cecil Cook
D-Portales
HAFC
Senate
Odisficols
House
Colin McMillan
Roswell
Sen
Lee
William B. O'Donnell
D-Las Cruces
O'Donnell
Kenneth Schlientz
R-Tucumcari
Bob Ward
D-Poriales
Schlentz
Clovis
Silver City
Albuquerque
Los Alamos
Gallup
Apodaca
John Conway
Alamogordo
Sen. Conway
Capitol
John Brick
Irick