Legislative Finance Committee

General Fund Revenue Tracking Report: Accruals through January 2017

January recurring revenues were $370.6 million, down $15.3 million, or 4 percent, from a year ago. Year-to-date recurring revenues are down $167.3 million, or 5.2 percent, from last year.

Highlights of General Appropriation Act with Senate Finance Committee Amendments

As amended by the Senate Finance Committee, the proposed General Appropriation Act would spend $6.093 billion, slightly more than the spending level approved by the House and 0.4 percent over expected FY17 spending levels. The proposal assumes enactment of a tax and revenue package that would generate nearly $282 million, with $126 million targeted at rebuilding the general fund reserves.

Agency Report Cards, 2nd Quarter FY17

High vacancy rates in state agencies and slow job creation are among the problems identified in the latest agency report cards, while the number of low-income children getting food assistance and hospitals certified for stroke care are among the successes.

LFC Investment Report for the Quarter Ending December 31, 2016

All four state investment funds -- the pension funds for retired educators and state employees and the land grant and severance tax permanent funds -- grew by $2 billion in 2016, ending the year with a total value of $45.8 billion.

Accountability Report: Medicaid 2016

As of January 2017, New Mexico’s Medicaid program covered over 898,000 New Mexicans, with projected total expenditures of $5.8 billion for FY17, the state’s share of which is estimated to be $1.2 billion. Measuring Medicaid’s quality and cost-effectiveness is particularly important in the current context of statewide austerity, and the annual Medicaid Accountability Report bolsters the program’s routine quarterly report by presenting Healthcare Effectiveness Data and Information Set (HEDIS) measures along with information on program expenditures and consumer satisfaction.