Legislative Finance Committee

New Mexico colleges are issuing more nondegree certificates than ever, but many certificates do little to help the recipients get better jobs or higher wages.

Staff Presentation: Balancing Mid- to Long-Term Revenues and Expenditures, September 2024 Long-term investing and diverting excess oil and gas revenue to permanent funds has already improved the state’s financial outlook for the coming years of decline in revenue growth, but excessive spending could put the state in the red in just a few years.

At the end of FY24 on June 30, outstanding capital outlay balances totaled an estimated $5.9 billion across roughly 5,600 projects, with about $1.35 billion of that for 1,400 projects authorized earlier this year.

Government entities across New Mexico are reporting $5.7 billion in future water and wastewater infrastructure needs, but the state’s piecemeal approach to funding water projects leads to idle dollars and unnecessary delays.

State agencies that provide risk coverage for public schools and state government have seen significant increases in both property and liability payments.

Risk Management Settlements Dashboard

New Mexico’s system for allocating emergency funding, tested by both the pandemic and record-setting wildfires, has not been updated in decades and suffers from a lack of transparency, accountability, and efficiency.

New Mexico has received federal approval to provide Medicaid coverage to those within 90 days of being released from a prison, jail, or juvenile facility to help support their transition into the community.

New Mexico could claim tens of millions of dollars in federal support for its home visiting program for new parents if it helped more providers both meet federal rules for services and get into the Medicaid program.