Republican administration in New Mexico seeks spending cuts

SANTA FE, N.M. (AP) – Concerns about New Mexico’s short-term cash reserves are taking center stage as state lawmakers await veto decisions by Republican Gov. Susana Martinez on a budget for the coming fiscal year.
Top finance officials under Martinez said Wednesday that a $102 million operating reserve cushion leaves the state perilously close to insolvency as the fiscal year comes to a close in June.
Martinez says she is preparing plans to possibly furlough state government workers