The state of New Mexico could get some significant help from the federal government in Barack Obama’s economic stimulus package, according to the Associated Press.
Barry Massey cites an analysis by Federal Funds Information for States, which says that while some of the money will come in the form of brick and mortar projects ($281 million for federal aid in highway construction and $115 million for school construction), a significant portion will go to other areas where New Mexico already gets a lot of help from the federal government, including more than $300 million over two years for Medicaid.
But it might not come in time for the legislative session.
However, the federal aid isn’t expected to win approval in Congress and arrive in New Mexico before lawmakers move ahead with proposals to plug a projected $450 million deficit in the state’s current budget.
All of which raised a question: If the federal stimulus package is passed after New Mexico lawmakers head home from the Roundhouse, will there be a need for another costly special session to distribute the money?