SANTA FE, N.M. (KRQE) – The governor signed the state budget making several key investments. The nearly $8.5 billion budget includes raises for teachers and state police. It also raises the minimum wage to $15 for state employees.

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It sets aside $75 million for the Opportunity scholarship. Also included, is funding for local economic development projects and housing programs for homeless people.

The rest of the new changes are as follows:

  • $77 million to increase teacher salary minimums
  • $190.5 million for 7 percent raises and a minimum $15/hour wage for all public education staff
  • $15 million to more than double the Indian Education Fund
  • $11.5 million for personalized literacy training for New Mexico educators
  • $25 million for teacher scholarship and loan repayment funds
  • $72 million for new law enforcement recruitment and retention funds
  • $9 million to provide an average 16 percent raise for New Mexico State Police officers
  • $24 million to combat hunger through the Food, Farms and Hunger Initiative
  • $10 million for housing assistance for New Mexicans experiencing homelessness
  • $10 million to the New Mexico Housing Trust Fund
  • $40 million to build new facilities at the state Veterans Home in Truth or Consequences
  • $14 million to extend postpartum Medicaid benefits from 60 days to 12 months
  • $18 million to eliminate the developmental disabilities waiver waitlist and increase provider rates
  • $30 million to endow nursing faculty positions
  • $50 million to endow social work faculty positions
  • $50 million for the Local Economic Development Act program
  • $20 million for the establishment of a state media academy
  • $30 million for drought mitigation
  • $10 million for dam rehabilitation