New Mexico – After spending much of her time attempting to leave the state, waging threats of a government shutdown, and threatening to furlough state employees who have families that rely on their income, Governor Martinez signed the budget that the legislature developed during the 2017 session. But the Governor refused to make real investments in our state by vetoing the revenue package that offsets budget spending and increases New Mexico’s reserves.
The veto will eventually push the legislature into an unnecessary special session.
“Today, the Governor stopped short of fulfilling her constitutional obligation to make sure the state is solvent, and instead she will push the state into a costly, unnecessary special session,” said Democratic Party of New Mexico Chairwoman Debra Haaland. “The legislature worked tirelessly to put together a responsible, balanced budget and revenue package that invests in our people, and puts the state on a better economic footing; the Governor said no to those investments today.”
Lt. Governor John Sanchez had an opportunity to do what’s right for New Mexico while Governor Martinez was trying to get out of town, but instead he did nothing.
New Mexico is now at risk of a credit downgrade. Moody’s analytics sent a warning to other states when Republican Kansas Governor vetoed important revenue increases and gave them a negative credit rating. A negative credit rating leads to a waste of taxpayer dollars by increasing the cost of important infrastructure projects that lead to economic development and opportunity.