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1973 New Mexico Legislature Spends Big Yet Saves Across Board
The 1973 session was the most spending in state history yet moved substantial amounts into reserves and investment funds. It approved 331.3 million in general funds, set aside 7 million in a savings account, diverted 10 million from severance tax into the savings fund, and increased the operating reserve to 15 million. The session added tax relief for some, refused broader city tax shifts, and funded numerous projects including state office buildings, a state laboratory, a Santa Fe police complex, park improvements, and school mini parks amid ongoing budget battles.
MENTIONED IN THIS ARTICLE
Bill Feather
Associated Press
Santa FE
N.M
New Mexico
Utah International
House
Chilili State Park
Manzanao Mountains
Senate
Franklin Jones
Bruce King
Criminal Justice Planning Council
University of New Mexico Medical School
University of New Mexico
Eddie Barboa
Dbernalillo
Barboa
King
Clovis
Alamogordo
Bureau of Revenue and Motor Vehicle Department
Capitol Complex
Environmental Improvement Agency
Health and Social Services Department
New State