Bill > HB2

This bill, titled the "General Appropriation Act of 2026," outlines the state's budget for fiscal year 2027 by appropriating funds to various government agencies and defining key terms related to budgeting and financial management. It establishes definitions for terms such as "agency" (any state government office or department), "efficiency" (how productively services are delivered), "federal funds" (money from the U.S. government), "general fund" (the state's primary operating fund), and "performance measure" (a way to assess a program's success). The bill also details general provisions for how appropriations will be managed, including that amounts are in thousands of dollars, unexpended balances generally revert to the general fund, and the state budget division will monitor revenue and potentially reduce agency operating budgets if revenue projections are not met. Crucially, Section 4 of the bill allocates specific dollar amounts from various sources, including the general fund, other state funds, internal service funds/interagency transfers, and federal funds, to different branches of government and sectors like legislative, judicial, general control, commerce and industry, agriculture, energy and natural resources, health, hospitals and human services, public safety, transportation, education (both other and higher education), and public school support, for the fiscal year 2027. Additionally, Section 5 addresses a specific fund transfer related to tobacco settlement funds to ensure appropriations are fully met.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=2&year=26