Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports if they are used for other purposes.

 

Current FIRs (in HTML & Adobe PDF formats) are available on the NM Legislative Website (legis.state.nm.us).  Adobe PDF versions include all attachments, whereas HTML versions may not.  Previously issued FIRs and attachments may also be obtained from the LFC in Suite 101 of the State Capitol Building North.

 

 

F I S C A L    I M P A C T    R E P O R T

 

 

 

SPONSOR

Boitano

DATE TYPED

2/10/04

HB

 

 

SHORT TITLE

TANF Funds for Family Formation Goals

SB

532

 

 

ANALYST

Maloy

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY04

FY05

FY04

FY05

 

Significant; 

See Narrative 

 

Significant;

See Narrative

Recurring

TANF Block Grant Funds

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

LFC Files

 

No Responses Received From

Children, Youth and Families Department

Human Services Department

 

SUMMARY

 

Synopsis of Bill

 

Senate Bill 532 sets aside a minimum of 5 % of New Mexico’s annual TANF block grant for expenditure on fulfilling “family formation” goals, as defined in the federal Personal Responsibility and Work Opportunity Reconciliation Act of 1996.

 

Significant Issues

 

The State received just over $142 million in federal TANF funds for FY04. This bill would direct $7.1 million to fulfilling “family formation” goals.  This is revenue that supports child care, cash assistance, adult care, and the like.

 

In providing the services it does with TANF funds, the State is supporting “family formation” goals-- if not directly, then indirectly, when it meets families’ most basic needs.  

 

FISCAL IMPLICATIONS

 

This bill would appropriate an estimated $7.1 million from the TANF Block Grant.  However, all TANF funds have already been appropriated in the General Appropriation Act.  Therefore, funds would have to be reallocated from other programs.

 

This bill provides for continuing appropriations.  The LFC objects to including continuing appropriation language in the statutory provisions.  Earmarking reduces the ability of the legislature to establish spending priorities.

 

 

SJM/yr