Current:Home > NewsNew Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers -FinanceAcademy
New Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers
View
Date:2025-04-17 15:49:51
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! (941)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- So You Think You Can Dance Alum Korra Obidi Stabbed and Attacked With Acid in London
- Father is attacked in courtroom brawl after he pleads guilty to murdering his three children
- $50K Olympic track prize the latest in a long, conflicted relationship between athletes and money
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- 2024 Masters Round 1 recap: Leaderboard, how Tiger Woods did, highlights
- Melrose Place Reboot Starring Heather Locklear, Laura Leighton and Daphne Zuniga Is in the Works
- O.J. Simpson dies of prostate cancer at 76, his family announces
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- O.J. Simpson was the biggest story of the 1990s. His trial changed the way TV covers news
Ranking
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Woman found slain 38 years ago in California identified with DNA testing
- Alabama lawmakers advance bill to define sex based on reproductive systems, not identity
- SMU suspends CB Teddy Knox, who was involved in multi-car crash with Chiefs' Rashee Rice
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Lululemon's We Made Too Much Drop Includes Their Fan-Favorite Align Tank Top For Just $39 & Much More
- Paul Mescal, Pedro Pascal go into bloody battle in epic first 'Gladiator 2' footage
- An ambitious plan to build new housing continues to delay New York’s state budget
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Thirteen men plead not guilty for role in Brooklyn synagogue tunnel scuffle
Suspect arrested in California car crash that killed 9-year-old girl: Reports
Will charging educators and parents stop gun violence? Prosecutors open a new front in the fight
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Louisiana lawmakers quietly advance two controversial bills as severe weather hits the state
Man arrested for allegedly taking a decommissioned NYC fireboat for an overnight cruise
Get an Extra 20% off Kate Spade Outlet & Score This Chic $299 Crossbody for $65, Plus More Deals