Senate Finance advances $1.5 billion DOT bonding bill and approves transparency amendment
The Senate Finance Committee voted 8-2 to give SB 2 a due-pass recommendation after adopting an amendment requiring the Department of Transportation to publish an annual list of proposed bond sales and project details. SB 2 authorizes up to $1.5 billion in bonding for state highway projects and raises several vehicle-related fees to pay debt service.
The full story
The New Mexico Senate Finance Committee advanced SB 2 on a party-line-like divided vote, approving a governor-backed plan to authorize up to $1.5 billion in additional bonding for state highway construction and maintenance.
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