Legislative Finance Committee

Dropping higher education enrollment, despite enrollment growth in surrounding states, and improvements in drug overdose deaths are among the highlights in the state report cards on state agency performance.

General fund recurring revenues for the fiscal year continue to track behind the same period a year ago but mostly because of a large one-time federal land lease sales bonus payment last year. Excluding direct oil and gas revenues, general fund recurring revenue collections for FY20 through December were up $127.3 million, or 4.4 percent, from the same period a year ago

General fund recurring revenues for FY20 through November were $3.253 billion, down $291.2 million, or 8.2 percent, from the same period last year, although the decline is mostly due to a large, one-time federal land lease sale bonus payment received in November 2018.

The financial summary reflecting the governor's post-session action shows an increase in funds in the operating reserve. However, the summary does not reflect recent economic upheaval or oil price weakness.

The Legislative Finance Committee’s contractor for the fiscal analysis of the Health Security Act plan, KNG Health Consulting LLC, has posted on its website the Powerpoint slides and notes from the December public meeting in Albuquerque and a draft workplan for the fiscal analysis of the Health Security Act plan. All of these documents may be found here: https://bit.ly/2uy53Ba. LFC will accept written feedback on the draft comprehensive workplan for the fiscal analysis of the Health Security Act plan from February 25 through March 6 submitted via email to Nathan.eckberg@nmlegis.gov. A second public meeting to gather feedback on the draft comprehensive work plan for the fiscal analysis of the Health Security Act plan is scheduled for 1 p.m. to 4 p.m., March 3, in Room 322 of the State Capitol Building.
Agenda