Legislative Finance Committee

The aggregate value of the state's investment holdings for pensions and permanent funds grew by $2.4 bill in FY18 to $50.8 billion, a 4.8 percent increase over the prior year.

About $433 million in capital outlay for 1,406 projects was outstanding at the end of June, including $58.5 million earmarked for water projects, projects for the communities with substandard infrastructure known as colonias, and tribal infrastructure. In addition, another nearly $200 million for public schools was outstanding.

Data in the annual accountability report on early childhood show mixed results, with the latest data on infant mortality, low birth weight, immunization rate, and prenatal care all declining, but results improving for early childhood programs funding, 4-years-olds in childcare or prekindergarten, and third grade scores on math and reading.

While prison populations nationally have declined, New Mexico's has continued to grow, driven in large part by drug-related technical parole violations.

The members of the Legislative Finance Committee this morning were saddened to learn of the death of Larry Larrañaga, a former committee member who served as a Republican state representative from Albuquerque from 1994 until his resignation earlier this month.