New Mexico legislators back slower, sustained growth in government programs with budget planMORGAN LEEJanuary 5, 2024 at 6:50 PMSANTA FE, N.M. (AP) — Leading New Mexico lawmakers on Friday recommended a 5.9% increase in general fund spending for the coming fiscal year amid a windfall in oil-related income, while also sounding a cautionary note on the future of the state's petroleum bonanza and setting aside more money in savings and investment accounts.The proposal from a lead budget writing committee to the Democratic-led Legislature would increase general fund spending by $566 million to $10.1 billion for the fiscal year running from…
