Program Evaluation: Online Higher Education in New Mexico, April 2024
Four years after the pandemic spurred a surge in online higher education, online course-taking remains a substantial part of New Mexico higher education. In academic year 2022-23, 45 percent of New Mexico college credit hours were taken online, a 34 percent increase in online course-taking since academic year 2019-20.
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Post-Session Review, April 2024
The General Appropriation Act, as enacted, authorizes $10.2 in recurring spending from the general fund, $1.5 billion in special appropriations for FY24 and FY25, and another $1.3 billion in fund transfers for future and multiyear spending.
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General Fund Revenue Tracking Report: FY24 Revenue through November 2023, March 2024
The state collected $350.8 million more from July to November than expected. Even after considering the limits on how much money can come from oil and gas, the state’s main bank account is set to have $112 million more than planned by the end of the financial year. So far, the money collected is 9.1 percent more than at the same time last year.
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Summary of SFC Amendment of House Bill 2, February 11, 2024
The Senate Finance Committee amendment to the House Appropriations and Finance Committee substitute for House Bill includes total authorized recurring spending of $10.19 billion from the general fund for FY25, an increase of $31.6 million over the version adopted by the House. Including the “feed” bill that funds the Legislature, total recurring spending for FY25 is just over $10.22 billion, almost $653 million, or 6.8 percent, above FY24. The SFC amendment also includes $1.316 billion in nonrecurring special and supplemental appropriations and also authorizes $220 million from the general fund for road projects.
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