Legislative Finance Committee

Recurring revenue collection for FY19 through April was $6.6 billion, up $1.3 billion, or 24.6 percent, from the same period a year ago. Recurring general fund revenues for FY19 are currently tracking $273.5 million above the forecast due to strong revenues from gross receipts taxes and oil and gas production royalties.

New Mexico's behavioral health rankings are improving but the state continues to lead the nation in adults and youth with substance abuse disorders, suicide rates, and unmet need for services.

Gaming revenue shares paid by tribes to the state of New Mexico have fallen almost 10 percent since FY13, compared with a 1 percent drop in the state's population. Along with a drop in tax revenue from nontribal casinos, the decline in revenue sharing suggests the gaming market has topped out.

Declining enrollment in New Mexico's public colleges threatens the state's ability to compete economically and meet the workforce needs of employers.

Several proposals during the 2019 legislative session would have addressed concerns over the allocation of capital outlay to school districts with large swaths of tribal lands, but the fixes would have upended the public school funding formula, designed to distribute operating dollars fairly.