Legislative Finance Committee

A Local Projects report highlights increased outstanding projects in wastewater and utility, community facilities, transport infrastructure, public safety, and parks and recreation.

With increasing revenues tied to oil price and production strength projected for FY23, the legislative session continued measures to support the state’s economic recovery from the COVID-19 pandemic, manage capacity across education and healthcare, and stabilize long-term planning.

Over 3,000 legislatively authorized capital projects are underway in the state, with outstanding balances of over $1.4 million.

As of March 2022, state and local governments, schools, businesses, and individuals had been awarded $26.1 billion in federal pandemic assistance, but the upcoming spending and grant application deadlines will need the state’s full attention if that money is to be used to its fullest

The latest quarterly report cards on agency performance show little improvement on key measures, and few agencies have formal plans for addressing shortcomings.

With dropping enrollment and lagging student performance, Albuquerque Public Schools must right-size its staff at the same time it improves practices.

Although the governor did not veto any recurring appropriations to state agencies and schools included in Section 4 of the General Appropriation Act (the primary appropriation section of House Bill 2), $4.2 million for public health employee premiums was vetoed from another section of the bill, and the $50 million Senate Bill 48, the "junior" appropriation bill, was vetoed in its entirety.

General fund recurring revenues for FY22 through October 2021 were $3.4 billion, up $983.4 million, or 41.1 percent, over FY21.