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New Mexico state spending plan seeks more federal Medicaid dollars as Donald Trump takes office

  • New Mexico legislators proposed a 5.7% general fund spending increase for the fiscal year, focusing on health care, public school improvements, and early education programs.
  • The proposed budget includes a $577 million increase, bringing total spending to $10.8 billion for the fiscal year from July 2025 to June 2026.
  • Combined state and federal spending on health care, mainly Medicaid, would rise by $3.3 billion to $15.5 billion, a 27% increase.
  • Democratic State House Speaker Javier Martínez stated that the budget aims to make life more affordable for New Mexico families.
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