Bill > SB442

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. Here's a summary of key provisions: This bill provides comprehensive funding for all branches and departments of the New Mexico state government, totaling approximately $32.9 billion across several major categories. The appropriations are divided into key sections including legislative, judicial, general control, commerce and industry, agriculture and natural resources, health and human services, public safety, transportation, education, and public school support. The budget includes several notable features: 1. A 4% average salary increase for state employees across various branches and institutions, totaling about $96.1 million from the general fund. 2. Significant investments in education, including: - $4.4 billion for public school support - Funds for higher education institutions - Initiatives for teacher retention and professional development - Programs to improve student outcomes in reading, math, and attendance 3. Substantial funding for healthcare, including: - Medicaid expansion - Behavioral health services - Medical services for incarcerated individuals - Support for food banks and medical respite programs 4. Allocations for public safety, including: - Funding for law enforcement - Corrections department programs - Emergency management - Homeland security 5. Specific provisions for technology upgrades across state agencies, with about $100.7 million allocated for information technology improvements The bill also includes provisions for fund transfers, special appropriations, and a transfer authority mechanism allowing the governor to transfer up to $110 million from the operating reserve if general fund revenues are insufficient. The budget reflects a comprehensive approach to addressing state needs across multiple sectors, with a focus on education, healthcare, public safety, and infrastructure improvement.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=442&year=25