Friday, March 18, 2011

House Passes Pension Swap Bill, Balances Budget

Less than 24 hours after the state House of Representatives voted down the Senate-amended version of  House Bill 628, which would required state employees to pay more into their pensions, the House a few moments ago reconsidered and concurred with the bill.

This means that the budget sent to Gov. Susana Martinez is balanced, in theory at least.

The first vote, about 1 a.m. Wednesday was 30-38 against the bill. Wednesday night's vote was 35-34.

Rep. Jeanette Wallace, R-Los Alamos wasn't present for the first vote but was there Wednesday night. She voted for concurrence. Rep. Bill Rehm, R-Albuquerque of Albuquerque, is one of four who changed his vote. I haven't confirmed the others yet.

Barry Massey of the Associated Press has the whole story HERE