Legislative Finance Committee


Public Schools Joint LFC/LESC Accountability Report

Despite spending more per pupil on instruction than some states, New Mexico consistently ranks at or near the bottom on many educational measures, suggesting increasing funding alone won't solve the problem.


2017 Accountability Report: Medicaid

With $6 billion a year spent on Medicaid, accountability is critical but state reporting is slow and national figures show New Mexico behind on many children's health, behavioral health and chronic disease management measures.


Quarterly Performance Report

Wait times for unemployment benefits are down and some colleges are improving student retention, but crime rates are up and fewer childcare centers are rated as high quality in the latest quarterly "report cards" on agency performance.


LFC Investment Report for the Quarter Ending September 30, 2017

The aggregate value of the state’s combined investment holdings for the pension and permanent funds grew by $4.3 billion over the last year, or 9.4 percent, to end the quarter at $49.6 billion. The Educational Retirement Board and Public Employee Retirement Association funds grew by 7.7 percent and 9.1 percent, respectively, and the aggregate value of the severance and land grant permanent funds managed by State Investment Council grew 10.7 percent.


Progress Report: Department of Cultural Affairs Selected Capital Outlay Projects

The Cultural Affairs Department has made progress on many of the capital outlay issues identified in a 2013 evaluation with procedures now in place to reduce the risk of purchasing violations and improve project oversight. However, the department still lacks a process to prioritize projects and estimate costs.