Government budgets

New Mexico legislators back slower, sustained growth in government programs with budget plan

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New Mexico legislators back slower, sustained growth in government programs with budget plan

SANTA FE, N.M. — 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 … Read more

Indiana underestimated Medicaid cost by nearly $1 billion, new report says

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Indiana underestimated Medicaid cost by nearly billion, new report says

INDIANAPOLIS — Indiana’s initial estimate for Medicaid expenses is nearly $1 billion short of its now-predicted need, state lawmakers learned in a report that ignited concern over the state’s budget and access to the low-income healthcare program. A December outlook found that Medicaid is predicted to need $984 million more than what was thought in … Read more