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Uploaded on Apr 8, 2011

although the federal government can't agree on a budget... in new mexico... governor martinez today approved the budget passed during the legislative session. it's a budget that cuts more than 150 million dollars in state spending. stuart dyson is live at the capitol with the details. the governor made only a few small line item vetoes in the 5 point 4 billion dollar budget - yet another a budget shrunken by the great recession. bottom line - people have less money - spend less money - the state's tax revenues shrivel up - state spending shrinks along with it. so the budget that emerged today is very close to the one democrats and republicans hammered out during the legislative session - with the governor's team playing a key role in the negotiations. " we did it without furloughing state employees - we did it without decreasing salaries of state employees - and we did it especially without raising taxes - so the reflection i have is that this budget is a balanced budget." the budget cuts state spending by about 3 percent - the governor also signed a bill that will save the state about 111 million dollars a year by increasing state employees and teachers shares of what they pay into pensions - while reducing the state's share. the governor - as expected - also signed a 50 million dollar cap on the movie production subsidy - that's expected to save at least 23 million dollars next budget year - at the capitol stuart dyson k-o-b eyewitness news four. the governor also signed a bill banning some people from working with children who are in state custody. under the measure, no employee of the children, youth and families department can work with kids, if that person has been found to have committed child abuse or neglect. it also bans convicted felons from working with kids.

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