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Martinez strikes $5M payback to school districts
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New Mexico school districts that had hoped to put a little more cushion in their budgets managed to persuade a sympathetic Legislature, but couldn’t get it past the governor’s veto pen. When she signed the 2018-2019 budget on March 7, Gov. Susana Martinez struck a line through $5 million state lawmakers had set aside to repay some school districts whose cash accounts had been swept by $40. 3 million to help fill a large budget gap in 2017. This story originally appeared at New Mexico In Depth and is reprinted with permission. Martinez had called the cash accounts of school districts “slush funds.” State superintendents — who drove to the capital en masse during the session to lobby lawmakers for repayment — call them reserve accounts that are used to make large payments like annual insurance, as well as extras like giving teachers stipends to take students to science camp.