Gov. Bill Richardson has signed three bills that balance New Mexico’s fiscal 2009 budget. He said the measures give lawmakers a starting point for deciding how to budget for fiscal 2010.

The fiscal solvency measures that were enacted reduce state agencies’ general fund operating budgets by 1.4% to 5%, shift $58.4 million from the public school capital outlay fund that was either left over after projects were completed or allocated for projects that did not have local support, and cancel $27 million appropriated earlier for health care programs that now are scheduled to receive significant increases in federal funding.

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