Legislative Finance Committee

Fiscal Highlights of 2018 Legislative Session

The 2018 legislative session ended with House and Senate members sending the governor a $6.37 billion spending plan for the next fiscal year. But the budget wasn't the only revenue bill approved by the Legislature.

Summary of General Appropriation Act Conference Committee Action

The conference committee report on the General Appropriation Act, adopted by the House and Senate, adds funds for Internet infrastructure on tribal lands, state roads, and public school balances to the $6.33 billion spending plan for FY19. The bill now goes to the governor.

Senate Finance Committee Amendments to the General Appropriation Act of 2018

The Senate Finance Committee is recommending a state spending plan for FY19 that totals $6.33 billion, up 4.3 percent from FY18 spending, and includes a 2.2 percent increase in the general fund appropriation for public schools, an 11.4 percent increase for the Children, Youth and Families Department, a 7.8 percent increase for district attorneys, and pay raises up to 8.5 percent for state and public school employees.

General Fund Revenue Forecast: Mid-Session Update

Revenue for FY18 and FY19 is up in the latest forecast from the joint executive-legislative estimating group, with an additional $189 million expected in the current fiscal year and an extra $93 million expected in the budget year that starts July 1. However, LFC economists warned that the forecast continues to be at risk because of the economy's reliance on the oil and gas industry and the unknown impact of federal tax changes and urged a reserve level of at least 10 percent of planned spending.

Status Report of LFC Review of Criminal Justice System in Bernalillo County

The growth in Albuquerque’s crime rate has outpaced the state’s average since 2010 and Albuquerque has a higher rate for some crimes than than many big cities, but some New Mexico small cities have higher rates of total crime.