Legislative Finance Committee

The SFC amendment for the House Bills 2 and 3 increases recurring funding by 6 percent, leaving reserves at 30 percent.
Amendment: Link
Fiscal Impact Report: Link

The House Appropriations and Finance Committee has adopted a substitute for the General Appropriation Act that grows ongoing state spending by 5.8 percent while setting aside an amount equal to almost a third of planned spending in reserves. The bill now goes to the full House for consideration.

Some New Mexico public schools with high populations of students at risk of failing produce successful students despite the odds, and these schools provide lessons for best practices that could improve schools statewide

The Legislative Finance Committee today released a budget recommendation for the 2025-2026 fiscal year that calls for spending $10.8 billion from the state’s general fund, a 5.7 percent, or $577 million, increase over FY25 planned spending.

Press Release Packet
Legislating for Results: Policy and Performance Analysis
Legislating for Results: Appropriation Recommendations
Legislating for Results: Supplemental Tables and Graphs

State funding for public school student transportation reached a record high of $133.8 million in FY25 despite continued enrollment and bus ridership declines.

New Mexico’s 326 electric vehicle charging stations is far below the 1,300 state average but in proportion to the number of EVs in the state. But stations are not evenly distributed through the state, with three-quarters of stations in urban areas and rural and tribal lands largely underserved.