SANTA FE, N.M. (AP) — The state of New Mexico has slashed revenue projections for this year and next by a quarter-billion dollars because of low oil and natural gas prices and is preparing to reduce general fund spending next year. The Senate Finance Committee unveiled budget amendments on Saturday that would shave spending across state agencies this year and cut funding to all but a handful of government department during the coming fiscal year. Under the recommended $6.2 billion budget, some spending increases next year would be preserved for state prisons, the Department of Public Safety, public schools, Medicaid and child protective services. State analysts cut revenues estimates for the current year by $125 million both this year and next.Read more on NewsOK.com