Bill > HM127

This Memorial requests that the New Mexico Department of Transportation conduct a study on the ongoing costs of the Rail Runner commuter train, examining its expenses over the next twenty years, the possibility of selling its assets, and the potential benefits of reinstating a commuter bus service as an alternative. The study's findings are to be reported to the legislature by November 15, 2015, and the Memorial highlights significant financial concerns, including the substantial amount spent on the Rail Runner's infrastructure and equipment, high annual operating costs that are heavily subsidized by government funds like local gross receipts taxes and federal grants, and large upcoming balloon payments on bond debt, all occurring while the Department of Transportation faces considerable funding gaps for road construction and maintenance.