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As federal cuts loom, lawmakers discuss drawing on reserves and making cuts

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  An initial estimate finds that the state could lose more than $1 billion in Medicaid funding, and many other agencies and entities like universities would be affected.

The article from KUNM discusses the looming federal budget cuts and how New Mexico lawmakers are considering various strategies to manage the state's finances in response. With the possibility of reduced federal funding, state legislators are contemplating using reserve funds and implementing budget cuts to mitigate the impact. The discussions include potential adjustments to the state's budget to prioritize essential services, while also exploring ways to increase revenue or reallocate existing funds. This comes at a time when the state is already dealing with economic recovery efforts post-COVID, making the financial planning particularly challenging.

Read the Full KUNM Article at:
[ https://www.kunm.org/local-news/2025-03-03/as-federal-cuts-loom-lawmakers-discuss-drawing-on-reserves-and-making-cuts ]