Expendituresgenerally include spending on government salaries, infrastructure, education, public pensions, public assistance, corrections, Medicaid, and transportation.
Download this budget guide (updated May 2020; 20 pages; pdf) Link to the executive summary (link) Link to A Guide to New Mexico’s Tax System Link to An Advocate’s Guide to New Mexico’s Budget Link to A Guide to Legislative Advocacy. “Loss of FML revenues, which primarily fund public education in New Mexico, would have a devastating impact on the state’s budget and would wipe out the reserves our state has struggled to rebuild,” the two legislators wrote. Introduction. Now, legislators and the governor will have to battle over the vetoes in a special legislative session, which Martinez called to begin on May 24. Note that a number of states have a two-year or three year budget (e.g. This morning, two cabinet-level secretaries and the Legislature’s top economist presented revenue estimates to the Legislative Finance Committee that project the state will have $199 million in new funds for the budget next year. The House passed its version of the spending plan by a vote of 65-3 on Jan. A member of the state House of Representatives is asking for an investigation of a legislative committee, charging that several of its members met privately without him to craft part of the annual state budget and omitted his proposal to restore about $41 million cut from the reserves of school districts last year. New Mexico school districts that had hoped to put a little more cushion in their budgets managed to persuade a sympathetic Legislature, but couldn’t get it past the governor’s veto pen. 3. “I don’t believe it’s in any of our interest, whether it be a Democratic majority or a Republican majority, to have a process that prevents your constituents or my constituents from being represented,” he said on the House floor Thursday before heading to the council’s offices on the fourth floor to file what the representative described as a verbal complaint. Period. A $6.3 billion spending plan is on its way to Gov. Gov.

lawmakers", "FY 2019 Budget - All Government Areas - Summary", "Overall GF Budget, FY 2020-21 - Appropriation Tracking, Conference Jurisdictions - First Special Session, 2019 Regular Session", "All Fund Type Functional Summary, 2019‐2021 Biennium", "Statewide Expenditure Summary by Function", "As expected, Sununu vetoes New Hampshire budget", "Political Notebook: General Assembly again considering budget after veto", "Final Budget Status Report - Appropriations by Department", "The 7 States That Started the New Fiscal Year Without a Final Budget", "Compendium of Budget Information for the 2019 General Session", "Vermont Governor Signs 2020 State Budget", "Budget, Foster Care Bills Passed by Senate", National Association of State Budget Officers, List of states and territories of the United States, https://en.wikipedia.org/w/index.php?title=List_of_U.S._state_budgets&oldid=937675582, States of the United States-related lists, Economy of the United States-related lists, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 January 2020, at 14:30. The narrow Republican majority complicates the measure, as does the House Freedom Caucus, a bloc of hardline conservative Republicans in the House, including New Mexico’s Rep. Steve Pearce. Meanwhile, a spokeswoman for Gov. The compromise won bipartisan support in the House and Senate, a marked departure from recent years when financial shortfalls led to spending cuts and intensely political clashes over state spending. New Mexico State Budget Division 190 Bataan Memorial Building 407 Galisteo Street Santa Fe, NM 87501 . This session’s disharmony was particularly notable because it included skirmishes between the governor and some lawmakers of her own party. The state credit ratingis the grade given by a credit rati…

The NM Political Report (https://nmpoliticalreport.com/category/issues/budget/), Governors don’t usually sign a budget twice in one year. The sky-high budget numbers were slightly lower than the August forecast, but still much higher than the state has seen since 2005, before the Great Recession of the late 2000s. It took moving a few million dollars here and putting a few million dollars there, but New Mexico had a budget by the end of Wednesday. New Mexico's best political reporting.
This morning recap of COVID-19 news from New Mexico is available in a free email every weekday.

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