Legislative Finance Committee

Almost half of the 670,000 New Mexicans in the Medicaid Centennial Care program likely will have to change managed-care providers next year because two of the state's current Medicaid managed-care contractors failed to win a piece of the new $4 billion per year, four-year managed care contract. Molina and UnitedHealthcare, which serve more than 300,000 Centennial Care members, have filed formal legal appeals.

Fueled by strength in the oil and gas industry, recurring revenue collection for FY18 through March were $4.6 billion, up $582.1 million, or 14.5 percent, from the same period a year ago. March recurring revenues were almost $527 million, up more than $39 million, or 7.6 percent, from a year ago.

In the last year, the combined value of the state’s investment holdings for the pension and permanent funds grew by over $3 billion, or 6.9 percent, to end the quarter at $50.7 billion. However, returns for the quarter were less than 1 percent or negative, and with distributions, resulted in the investment holdings declining by $236.9 million.

State energy-related revenues – production taxes, rents, and royalties – were up more than $184 million, or 36.7 percent, in the first eight months of FY18 compared with the same period in FY17.

A rise in inmate-on-inmate violence and increasing child protection caseloads are among the results in the latest performance report cards for state agencies.