Current:Home > StocksNew Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers -MoneyBase
New Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers
View
Date:2025-04-14 04:38:09
SANTA FE, N.M. (AP) — New Mexico Gov. Michelle Lujan Grisham is embracing major initiatives designed to rein in violent crime, boost access to affordable housing and address concerns about climate change and drought at the outset of a 30-day legislative session.
The second-term Democratic governor is scheduled to deliver her State of the State speech Tuesday at the opening of a session that determines spending priorities for the coming fiscal year amid a multibillion-dollar surplus in general fund income.
The state expects to draw in a record-setting $13 billion during the fiscal year that starts July 1 — exceeding annual spending obligations by nearly one-third.
Leading Democratic legislators are calling for a restrained increase of 5.9% in annual general fund spending totaling $10.1 billion, warning of a slowdown in surging income linked to oil and natural gas production. They want to dial back on borrowing for construction projects, while expanding savings and endowments to help sustain critical government programs in the future.
Lujan Grisham is recommending a more robust annual spending increase of nearly 10%. Her new spending priorities include a $250 million plan to expand down payment assistance and $40 million to launch a statewide effort to reduce homelessness.
On Friday, Lujan Grisham outlined a broad package of public safety initiates designed to address gun violence, panhandling, retail crime and hazing. Gun-control proposals would increase the wait period for background checks, restrict features on assault-style rifles that make them more deadly, and raise the minimum age to 21 for purchases of semiautomatic rifles and shotguns.
Republicans in the legislative minority are cautioning against legislation that might infringe on gun rights, while supporting changes to the state’s pretrial detention system that would give authorities more leeway to incarcerate some defendants pending trial.
New Mexico overhauled the system, starting in 2017, to eliminate money-bail and ensure dangerous individuals can be jailed pending trial.
Answering to concerns about climate change and fossil fuels, Lujan Grisham wants the state to provide tax credits toward the purchase of electric vehicles. Another proposal would underwrite development of a strategic new source of water for industrial uses — harnessing treated water that originates from the salty byproducts of oil and natural gas drilling.
The entire Legislature is up for election in November.
veryGood! (7)
Related
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- NBA All-Star break power rankings with Finals predictions from Shaq, Barkley and Kenny Smith
- NBA All-Star break power rankings with Finals predictions from Shaq, Barkley and Kenny Smith
- Super Bowl LVIII was most-watched program in television history, CBS Sports says
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- American woman goes missing in Madrid after helmeted man disables cameras
- 'Hot Ones' host Sean Evans spotted with porn star Melissa Stratton. The mockery crossed a line.
- White House objected to Justice Department over Biden special counsel report before release
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Ex-FBI official sentenced to over 2 years in prison for concealing payment from Albanian businessman
Ranking
- All That You Wanted to Know About She’s All That
- Beyoncé and Michelle Williams Support Kelly Rowland at Star-Studded Movie Premiere
- What does a total solar eclipse look like? Photos from past events show what to expect in 2024
- Iowa’s Caitlin Clark wants more focus on team during final stretch now that NCAA record is broken
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Warm Winter Threatens Recreation Revenue in the Upper Midwest
- A $355 million penalty and business ban: Takeaways from Trump’s New York civil fraud verdict
- 'Outer Range': Josh Brolin interview teases release date for Season 2 of mystery thriller
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Auto workers threaten to strike again at Ford’s huge Kentucky truck plant in local contract dispute
'Rustin' star Colman Domingo says the civil rights activist has been a 'North Star'
Man who told estranged wife ‘If I can’t have them neither can you’ gets life for killing their kids
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Oregon TV station apologizes after showing racist image during program highlighting good news
Iowa's Caitlin Clark is transformative, just like Michael Jordan once was
How did Caitlin Clark do it? In-depth look at Iowa star's run at NCAA scoring record