Bill > HB2

This bill is the General Appropriation Act of 2025, which outlines the state of New Mexico's budget and spending allocations for fiscal year 2026. The bill comprehensively details appropriations across multiple government sectors, including legislative, judicial, general control, commerce and industry, agriculture and natural resources, health and human services, public safety, transportation, education, and higher education. Key provisions include: 1. A 4% salary increase for state employees across various agencies and departments, totaling approximately $96.1 million from the general fund. 2. Significant funding for behavioral health initiatives, with over $100 million allocated through the Behavioral Health Reform and Investment Act to support various mental health and crisis response programs. 3. Substantial investments in education, including: - $4.5 billion for public school support - $40 million for higher education building renewal - Funding for student retention initiatives - Supports for teacher recruitment and retention 4. Allocations for infrastructure and economic development, such as: - $209.8 million to a new Community Benefit Fund - $50 million for a research and development fund - $189.5 million for special transportation projects 5. Provisions for budget adjustments and transfers between funds, with safeguards to ensure fiscal responsibility 6. Specific funding for various state agencies and programs, ranging from wildlife conservation to healthcare services and technological improvements The bill provides a comprehensive financial blueprint for New Mexico's government operations in fiscal year 2026, reflecting the state's priorities in education, healthcare, infrastructure, and public services.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=2&year=25