Current:Home > MyNew Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers -NextFrontier Finance
New Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers
View
Date:2025-04-16 18:45:21
SANTA FE, N.M. (AP) — New Mexico Gov. Michelle Lujan Grisham is embracing major initiatives designed to rein in violent crime, boost access to affordable housing and address concerns about climate change and drought at the outset of a 30-day legislative session.
The second-term Democratic governor is scheduled to deliver her State of the State speech Tuesday at the opening of a session that determines spending priorities for the coming fiscal year amid a multibillion-dollar surplus in general fund income.
The state expects to draw in a record-setting $13 billion during the fiscal year that starts July 1 — exceeding annual spending obligations by nearly one-third.
Leading Democratic legislators are calling for a restrained increase of 5.9% in annual general fund spending totaling $10.1 billion, warning of a slowdown in surging income linked to oil and natural gas production. They want to dial back on borrowing for construction projects, while expanding savings and endowments to help sustain critical government programs in the future.
Lujan Grisham is recommending a more robust annual spending increase of nearly 10%. Her new spending priorities include a $250 million plan to expand down payment assistance and $40 million to launch a statewide effort to reduce homelessness.
On Friday, Lujan Grisham outlined a broad package of public safety initiates designed to address gun violence, panhandling, retail crime and hazing. Gun-control proposals would increase the wait period for background checks, restrict features on assault-style rifles that make them more deadly, and raise the minimum age to 21 for purchases of semiautomatic rifles and shotguns.
Republicans in the legislative minority are cautioning against legislation that might infringe on gun rights, while supporting changes to the state’s pretrial detention system that would give authorities more leeway to incarcerate some defendants pending trial.
New Mexico overhauled the system, starting in 2017, to eliminate money-bail and ensure dangerous individuals can be jailed pending trial.
Answering to concerns about climate change and fossil fuels, Lujan Grisham wants the state to provide tax credits toward the purchase of electric vehicles. Another proposal would underwrite development of a strategic new source of water for industrial uses — harnessing treated water that originates from the salty byproducts of oil and natural gas drilling.
The entire Legislature is up for election in November.
veryGood! (62334)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- New Hampshire’s governor’s race pits ex-Sen. Kelly Ayotte against ex-Mayor Joyce Craig
- Competitive Virginia races could play a critical role in the battle for Congress
- The GOP expects to keep Kansas’ open House seat. Democratic Rep. Davids looks tough to beat
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Gianforte and Zinke seek to continue Republican dominance in Montana elections
- US Rep. John Curtis is favored to win Mitt Romney’s open Senate seat in Utah
- How tough is Saints' open coaching job? A closer look at New Orleans' imposing landscape
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- GOP Rep. Andy Ogles faces a Tennessee reelection test as the FBI probes his campaign finances
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- 3 stocks that could be big winners if Kamala Harris wins but the GOP controls Congress
- Two Democratic leaders seek reelection in competitive races in New Mexico
- Republican Jim Banks, Democrat Valerie McCray vying for Indiana’s open Senate seat
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- North Carolina’s top lawyer and No. 2 executive are vying for governor
- Republican Mike Kehoe faces Democrat Crystal Quade for Missouri governor
- Nancy Mace tries to cement her hold on her US House seat in South Carolina
Recommendation
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Which is the biggest dinner-table conversation killer: the election, or money?
Selena Gomez Claps Back at “Sick” Body-Shaming Comments After Emilia Perez Premiere
In Maryland, competitive US House race focuses on abortion, economy and immigration
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Democrats in Ohio defending 3 key seats in fight for control of US House
US Rep. John Curtis is favored to win Mitt Romney’s open Senate seat in Utah
Brooklyn Peltz Beckham Details Double Dates With Selena Gomez and Benny Blanco