Welcome to the Legislative Finance Committee






Program Evaluation Reports Agency Performance Report Cards Budget Documents



2015 General Appropriation Act Vetoes
The governor reduced general fund appropriations in the General Appropriation Act (GAA) by vetoing $1.7 million of recurring and $3.2 million of nonrecurring appropriations, language requiring reporting to the Legislature, conditional appropriations, and appropriations for specific areas of the state and $1.8 million that was contingent on approval of tribal gaming compacts. In addition, the veto of House Bill 38 resulted in a loss of $1.2 million of general fund appropriations.

LFC Investment Performance Quarterly Report, Second Quarter, FY15
The state's three investment agencies out-earned their three- and five-year targets in the second quarter of the fiscal year, but only the Educational Retirement Board beat its one-year return target. Ten-year returns continue to fall short of targets.

Second Quarter, FY15, Report Cards
State agencies report mixed performance results for the second quarter of FY 15, with turnover among child protective service workers staying low but care in juvenile justice facilities falling behind targets. The number of older New Mexicans with food insecurity receiving meals continues to improve as does the number of young children enrolled in high quality child care.

General Fund Revenue Tracking Report: Accruals through November 2014
Revenue collection dropped off slightly in November when compared with the staff estimate for that month. However, total revenue was higher than for the same month a year ago. A year-to-year comparison shows general tax revenue, personal income tax revenue and federal mineral leasing royalties were all up.

2015 Legislative Session Highlights
The 2015 legislative session will be remembered for declining oil and gas prices and general fund revenue forecasts for “new money” falling from $285 million in August to $83 million in February. The Legislature enhanced the general fund revenue outlook with passage of Senate Joint Resolution 19 and an expected $10 million from gaming revenue.

LFC NewsLetter

January 2015

LFC Calendar