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| SPONSOR: | Maes | DATE TYPED: | 01/26/00 | HB | |||
| SHORT TITLE: | Professionally Market New Mexico | SB | 45 | ||||
| ANALYST: | Woodlee | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY00 | FY01 | FY00 | FY01 | ||
| $ 3,500.0 | Recurring | General Fund | |||
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to House Bill 2 and Senate Bill 2
SOURCES OF INFORMATION
Economic Development Department
LFC Files
SUMMARY
Synopsis of Bill
Senate Bill 45 appropriates $3,500.0 to the Economic Development Department for the Regional Community Development program. The bill stipulates funding for seven regional developer positions and to professionally market New Mexico to attract new businesses.
Significant Issues
During the 1999 Legislative Session, the appropriation to the Economic Development Division contained language that organized the state into seven regions and designated $50.0 of base budget funds per region. The primary focus of the program is to address the lowest unemployment rates throughout the state and assist programs, organizations and businesses to create and retain jobs.
The Economic Development Division is in the first-year implementation of the Accountability in Government Act. Within the division, the Regional Community Development program has a number of output measures developed during the 1999 interim. Job creation and employment growth rank measures are included for the entire division. The following are the performance measures for the Regional Community Development program thus far:
FY99 FY00 FY01
Measure Baseline Projection Target
Number of rural projects assisted 130 149 168
Number of urban projects assisted 102 117 132
Number of rural training events/sessions 357 375 390
Number of urban training events/sessions 63 66 70
Number of Main Street programs that have received
funding and technical assistance 65 70 75
FISCAL IMPLICATIONS
The bill appropriates $3,500.0, an average of $500.0 per region, from the general fund for expenditure in fiscal year 2001. Any unexpended or unencumbered balance remaining at the end of fiscal year 2001 shall revert to the general fund.
RELATIONSHIP
This bill relates to the General Appropriation Act (GAA). In 1999, the GAA designated $50.0 for each of the seven regions. In 2000, this program will be included in the GAA with the above stated measures.
MW/njw