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|
SPONSOR: |
Cisneros |
DATE TYPED: |
|
HB |
|
||
|
SHORT TITLE: |
Amend Small Cities Assistance Act |
SB |
275 |
||||
|
|
ANALYST: |
Neel |
|||||
REVENUE
|
Estimated Revenue |
Subsequent Years Impact |
Recurring or
Non-Rec |
Fund Affected |
|
|
FY03 |
FY04 |
|
|
|
|
|
($1,400.0) |
($1,400.0) |
Recurring |
General
Fund |
|
|
$1,400.0 |
$1,400.0 |
Recurring |
Qualifying
Cities |
(Parenthesis ( ) Indicate Revenue Decreases)
Relates to:
LFC files
Responses
Received From
Taxation and Revenue Department (TRD)
Department of Finance and Administration (DFA)
SUMMARY
Synopsis
of Bill
Senate
Bill 275 amends the Small Cities Assistance
Act (Sections 3-37A-1 to 3-37A-3 NMSA 1978) to revise the distribution formula
for municipalities qualifying for small cities assistance. The proposed formula would increase the
annual distributions to currently eligible small cities. It does not expand eligibility to new
cities. The proposal increases the
minimum distribution amount to $35,000 and removes the $50,000 limit for the
maximum distribution amount. The population criteria for establishing minimum
and maximum distribution amounts are also removed.
FISCAL IMPLICATIONS
FY
2004 impacts:
The proposal would affect General Fund revenue because
under the present law formula, not all of the small cities fund revenue is
distributed to small cities. The
remaining funds revert to the General Fund.
The proposal would increase the distributions in such a way that it
would eliminate the annual reversion to the General Fund. The provisions of Section 4 ensure the
balance in the small cities assistance fund would accumulate for a full year
prior to the FY 2004 distribution. The fund balance at that time is expected to
be approximately $4.8 million. The
expected distribution in the absence of this legislation is expected to be
approximately $3.4 million.
FY 2003 impacts:
The
department expects to distribute FY 2003 small cities assistance funds in
February. Since the distribution will be made before March 1, the general fund
reversion would be limited to the amount remaining in the small cities
assistance fund under Section 4 of the proposal. Under current law, the balance reverts immediately
after distribution. Thus, there is no
fiscal impact in FY 2003.
TRD completed the below listed table to show the effects
of the proposed legislation.
Small Cities Assistance Distribution Formula: Current vs. Proposal—Fiscal Year 2003 |
|||
|
(Estimated Small Cities Assistance Fund Balance as of
January 2003) |
|||
|
|
|
|
|
|
CITY |
Current Assistance |
Proposed Assistance |
Difference |
|
|
|
|
|
|
Angel Fire |
30,000.00 |
35,000.00 |
5,000.00 |
|
Aztec |
35,000.00 |
70,292.23 |
35,292.23 |
|
Bayard |
50,000.00 |
70,292.23 |
20,292.23 |
|
Belen |
25,000.00 |
35,000.00 |
10,000.00 |
|
Bernalillo |
35,000.00 |
70,292.23 |
35,292.23 |
|
|
35,000.00 |
70,292.23 |
35,292.23 |
|
Bosque Farms |
50,000.00 |
70,292.23 |
20,292.23 |
|
Capitan |
50,000.00 |
70,292.23 |
20,292.23 |
|
Carrizozo |
50,000.00 |
70,292.23 |
20,292.23 |
|
Causey |
30,000.00 |
35,000.00 |
5,000.00 |
|
Chama |
37,573.31 |
35,000.00 |
(2,573.31) |
|
|
50,000.00 |
70,292.23 |
20,292.23 |
|
Clayton |
50,000.00 |
70,292.23 |
20,292.23 |
|
Cloudcroft |
30,000.00 |
35,000.00 |
5,000.00 |
|
|
50,000.00 |
70,292.23 |
20,292.23 |
|
|
30,000.00 |
35,000.00 |
5,000.00 |
|
Corrales |
35,000.00 |
70,292.23 |
35,292.23 |
|
|
30,000.00 |
35,000.00 |
5,000.00 |
|
|
30,000.00 |
35,000.00 |
5,000.00 |
|
Dexter |
50,000.00 |
70,292.23 |
20,292.23 |
|
Dora |
30,000.00 |
35,000.00 |
5,000.00 |
|
Eagle Nest |
30,000.00 |
35,000.00 |
5,000.00 |
|
|
30,000.00 |
35,000.00 |
5,000.00 |
|
Elephant |
50,000.00 |
70,292.23 |
20,292.23 |
|
Elida |
30,000.00 |
35,000.00 |
5,000.00 |
|
Encino |
30,000.00 |
35,000.00 |
5,000.00 |
|
Espanola |
25,000.00 |
70,292.23 |
45,292.23 |
|
Estancia |
50,000.00 |
70,292.23 |
20,292.23 |
|
Eunice |
50,000.00 |
70,292.23 |
20,292.23 |
|
Floyd |
30,000.00 |
35,000.00 |
5,000.00 |
|
Folsom |
30,000.00 |
35,000.00 |
5,000.00 |
|
|
50,000.00 |
70,292.23 |
20,292.23 |
|
Grady |
30,000.00 |
35,000.00 |
5,000.00 |
|
Grants |
35,000.00 |
70,292.23 |
35,292.23 |
|
Grenville |
30,000.00 |
35,000.00 |
5,000.00 |
|
Hagerman |
50,000.00 |
70,292.23 |
20,292.23 |
|
Hatch |
50,000.00 |
70,292.23 |
20,292.23 |
|
Hope |
30,000.00 |
35,000.00 |
5,000.00 |
|
House |
30,000.00 |
35,000.00 |
5,000.00 |
|
Hurley |
50,000.00 |
70,292.23 |
20,292.23 |
|
Jal |
50,000.00 |
70,292.23 |
20,292.23 |
|
Jemez Springs |
43,993.00 |
43,129.08 |
(863.92) |
|
CITY |
Current Assistance |
Proposed Assistance
|
Difference |
|
|
|
|
|
|
Lake Arthur |
50,000.00 |
70,292.23 |
20,292.23 |
|
Logan |
50,000.00 |
70,292.23 |
20,292.23 |
|
Lordsburg |
50,000.00 |
70,292.23 |
20,292.23 |
|
Los Ranchos |
35,000.00 |
70,292.23 |
35,292.23 |
|
Loving |
50,000.00 |
70,292.23 |
20,292.23 |
|
Lovington |
35,000.00 |
70,292.23 |
35,292.23 |
|
Magdalena |
50,000.00 |
70,292.23 |
20,292.23 |
|
Maxwell |
50,000.00 |
60,558.86 |
10,558.86 |
|
Melrose |
50,000.00 |
70,292.23 |
20,292.23 |
|
Mesilla |
50,000.00 |
70,292.23 |
20,292.23 |
|
Milan |
30,000.00 |
35,000.00 |
5,000.00 |
|
Moriarty |
30,000.00 |
35,000.00 |
5,000.00 |
|
Mosquero |
30,000.00 |
35,000.00 |
5,000.00 |
|
Mountainair |
50,000.00 |
70,292.23 |
20,292.23 |
|
Pecos |
50,000.00 |
70,292.23 |
20,292.23 |
|
Questa |
50,000.00 |
70,292.23 |
20,292.23 |
|
Raton |
35,000.00 |
70,292.23 |
35,292.23 |
|
Red River |
30,000.00 |
35,000.00 |
5,000.00 |
|
Reserve |
49,725.91 |
48,834.34 |
(891.57) |
|
Roy |
44,420.71 |
43,720.36 |
(700.35) |
|
Ruidoso |
25,000.00 |
35,000.00 |
10,000.00 |
|
Ruidoso Downs |
30,000.00 |
35,000.00 |
5,000.00 |
|
San Jon |
30,000.00 |
35,000.00 |
5,000.00 |
|
San Ysidro |
30,000.00 |
35,000.00 |
5,000.00 |
|
Santa Clara (Central) |
50,000.00 |
70,292.23 |
20,292.23 |
|
Santa Rosa |
30,000.00 |
35,000.00 |
5,000.00 |
|
Socorro |
35,000.00 |
70,292.23 |
35,292.23 |
|
Springer |
50,000.00 |
70,292.23 |
20,292.23 |
|
T or C |
35,000.00 |
70,292.23 |
35,292.23 |
|
Taos |
30,000.00 |
35,000.00 |
5,000.00 |
|
Taos Ski Valley |
30,000.00 |
35,000.00 |
5,000.00 |
|
Tatum |
33,997.77 |
35,000.00 |
1,002.23 |
|
Texico |
50,000.00 |
70,292.23 |
20,292.23 |
|
Tijeras |
30,000.00 |
35,000.00 |
5,000.00 |
|
Tucumcari |
35,000.00 |
70,292.23 |
35,292.23 |
|
Tularosa |
50,000.00 |
70,292.23 |
20,292.23 |
|
Vaughn |
50,000.00 |
64,452.50 |
14,452.50 |
|
Virden |
40,339.28 |
40,009.84 |
(329.44) |
|
Wagon Mound |
50,000.00 |
62,044.39 |
12,044.39 |
|
Willard |
50,000.00 |
61,399.83 |
11,399.83 |
|
Williamsburg |
50,000.00 |
70,292.23 |
20,292.23 |
|
|
|
|
|
|
All
Small Cities Assistance: |
3,300,049.97 |
4,566,715.00 |
1,266,665.03
|
SN/yr