Legislative Finance Committee

LFC is requesting proposals for the provision of extensive quantitative and comparative analysis of various scenarios for extending healthcare coverage in New Mexico pursuant to the Health Security Act as introduced during the 2019 legislative session as House Bill 295 and Senate Bill 279.

When the books close on FY19, which ended June 30, recurring revenues are expected to total $7.92 billion, an increase of $1.1 billion from FY18 and $333 million than expected during the legislative session. Total recurring revenues are forecast to drop in FY20 then recover in FY21, with FY20 recurring revenue estimated at $7.78 billion and FY21 recurring revenue estimated at $7.99 billion. “New money,” income in the coming fiscal year less spending from the current fiscal year, is projected at $907 million for FY21, or 12.8 percent growth from the FY20 recurring budget level.

A look at five school districts in North Central New Mexico finds the districts budgeted most of their substantial new money to salaries and benefits and took only partial advance of funding for new programs.

The families of many of New Mexico's abused and neglected children access Medicaid, public health offices, and other assistance programs before reaching a crisis that results in maltreatment. Building a robust early prevention system that supports family stability could dramatically improve long-term outcomes for children.

As of June, $1.4 billion from all funding sources for 3,060 projects was outstanding, with $1.18 billion of that for projects authorized in the past two years.