Welcome to the Legislative Finance Committee

Program Evaluation Reports Agency Performance Report Cards Budget Documents

Program Evaluation: A Case Study of Elementary Schools in New Mexico
New Mexico has higher-than-normal rates of students who live in poverty, are still learning English, move often and are chronically absent – all factors that can predict whether a child will fail. But schools that hire good teachers, target spending and adopt practices that have worked elsewhere can overcome those barriers.

Program Evaluation: Improving High School Graduation Rates
Lagging high school graduation rates in New Mexico produce a significant drain on the state’s economy. The rate of New Mexico high school students who graduate in four years is up but so is the rate of students who drop out without graduating at all. This evaluation assessed various efforts to increase the number of adults in New Mexico with a high school credential, including dropout prevention, recovery efforts and adult basic education programs.

Results First: Behavioral Health Outcomes for Adults
New Mexico continues to lead the nation in damaging substance abuse and mental health outcomes despite four transformations of the behavioral health system in the past 20 years and substantial financial investments, including over half a billion dollars in FY15. Failure to address the persistent challenges in behavioral health outcomes, along with gaps in services, cost the state money through increases in crime, demand for health care, property loss and preventable death. The purpose of this report is to identify what programs are potentially good investments for the state, in light of Medicaid expansion, and the potential for more New Mexicans to receive needed services.

Investment Performance Quarterly Report, Fourth Quarter, FY 2014
During the fourth quarter of FY14, the return on the educational retirement fund outperformed most of its peers; however, the public employee fund and the land grant and severance tax permanent funds performed below their peers. Although the one-, three- , and five-year returns exceed the state investment agencies’ respective annual targets, the 10-year returns reflect lesser investment performance because of less diverse asset allocations and investment losses during the recession. This Investment Performance Quarterly Report explains how the returns generated by New Mexico’s investment agencies differed from that of the archetype fund and how their management and consultants added or subtracted value.

The LFC budget guidelines provide analysts with direction on performance-based budgeting, the preparation of the budget narrative, and the development of FY16 recommendations on recurring appropriations, priority capital spending, and other one-time investments. The guidelines also serve to inform state agencies and the general public about the LFC priorities and the committee’s approach to budget recommendations for FY16.

LFC NewsLetter

November 2014

LFC Calendar