Legislative Finance Committee

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Hearing Brief: State Revenue Volatility and Enhancing Fiscal Stability, July 2024

In the five years since the first review of New Mexico’s revenue volatility found the highest levels of volatility in decades, revenues have only become more volatile, complicating revenue forecasting and challenging budget planning.

Staff Presentation: Update on Martinez-Yazzie Lawsuit and Outcomes, July 2024

Ten years after parents sued the state for providing an insufficient public education for their children and five years after a district judge found the schools were producing “dismal” results, New Mexico has seen a significant increase in public school funding but less impressive improvement in student achievement.

See also, LegisStat: Public Schools, July 2024

Quarterly Report Cards: Third Quarter, FY24, July 2024

The state continues to see strong performance in the Transportation, Economic Development, Tourism and Energy, Minerals and Natural Resources departments and the courts and judicial agencies, while performance continues to lag in the Children, Youth and Families Department and Health Care Authority.

Performance Update: Bernalillo County Criminal Justice System Update, July 2024

The Legislature has appropriated more than three-quarters of a billion dollars over the past three years for in crime prevention approaches, but the impact has been limited.

Senate Memorial 5 Task Force Agenda

The task force will meet June 21. The meeting in the state capitol will be webcast and public comment will be accepted virtually and in person.

Citizens’ Guide to the New Mexico State Budget, June 2024

Although state spending includes capital investments, special initiatives, and tax breaks, references to the “state budget” generally mean the ongoing and one-time spending authorized in the annual General Appropriation Act. The creation of the budget that will be in the next act starts now.

Joint LFC and LESC Hearing Brief: Teacher Supports and Quality of Instruction, June 2024

Teacher quality is the most important in-class factor influencing student success, but New Mexico needs to create more supports for teachers and staff classrooms more strategically, on top of paying teachers more, if it wants to improve instruction.

Program Evaluation: Student Attendance and Performance, June 2024

More than 124 thousand New Mexico public school students missed more than 10 percent of school in 2023, putting those students at risk for struggling academically and eventually dropping out.