60-day session concludes – so what happens now?

Apr 13th, 2015

Greater Las Cruces Chamber of Commerce members who attended the Legislative Update Luncheon in November 2014 were warned about the possibility of “Washington, D.C.-like gridlock” by state Sen. Joseph Cervantes, and that is exactly what happened. It is unfortunate that so little came out of the session to help Las Cruces Day in Santa Fe 2015propel New Mexico forward.

Highlights from the 60-day session, which ended Saturday, March 21, include:

• FY16 budget being passed

• All proposals to increase taxes failed

• LEDA funding was increased

• Teacher’s merit pay passed

• Secretary Hanna Skandera confirmed

• Economic development electric rates were passed on to the governor Low points include:

- Capital outlay failedstatistics on the session, courtesy of the Greater Albuquerque Chamber of Commerce

- Jobs creation package failed,including angel investment tax credits, tax incentives to increase border trade and for locating corporate headquarters in New Mexico

- Right to Work legislation failed Although there are more items in the highlight section, the losses were of greater magnitude.

The accompanying table shows statistics on the session, courtesy of the Greater Albuquerque Chamber of Commerce.