Bill > HB186

This bill amends the existing laws to reduce the authorized property tax rates for class A county hospital funding and for transfers to the county-supported Medicaid fund. Specifically, it reduces the maximum mill levy rate for class A counties from $6.50 to $1.70 per $1,000 of net taxable value, with up to $0.39 of that rate allowed to be used for the county's transfer to the Medicaid fund. For other counties, the maximum mill levy rate is reduced from $4.25 to $4.00 per $1,000 of net taxable value. The bill also requires the county commissioners to submit any proposed mill levy increases to the qualified electors of the county for approval.

Health and Social Services

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=186&year=21