Current:Home > MarketsNew Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers -MarketEdge
New Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers
View
Date:2025-04-27 03:27:02
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! (87)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Some California officials can meet remotely. For local advisory boards, state lawmakers say no
- Haitian Prime Minister Garry Conille discharged from hospital after treatment for undisclosed condition
- Billy Ray Cyrus Claims Fraud in Request For Annulment From Firerose Marriage
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- How many points did Caitlin Clark score tonight? No. 1 pick and Fever silenced by Sun
- Usain Bolt suffers ruptured Achilles during charity soccer match in London
- Sandy Hook shooting survivors to graduate with mixed emotions without 20 of their classmates
- Senate begins final push to expand Social Security benefits for millions of people
- Florida officials launch cold case playing cards in jails, prisons to 'generate new leads'
Ranking
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- While youth hockey participation in Canada shrinks, the US is seeing steady growth
- Why Bachelor's Joey Graziadei & Kelsey Anderson Have Been Living With 2 Roommates Since Show Ended
- You really can't get too many strawberries in your diet. Here's why.
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- 'American Idol' contestant Jack Blocker thought he didn't get off on 'right foot' with Katy Perry
- Stanley Cup Final Game 2 recap, winners, losers as Panthers beat Oilers, lose captain
- Ohio city orders apartment building evacuation after deadly blast at neighboring site
Recommendation
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Score 50% Off Aritzia, 2 ColourPop Brow Products for $10, 75% Off Gap, $500 Off Avocado Mattress & More
Katie Ledecky has advice for young swimmers. Olympic star releases book before trials
Radio host Dan Patrick: 'I don't think Caitlin Clark is one of the 12 best players right now'
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
North Carolina State channeling Jim Valvano all the way to College World Series
Militants attack bus in India-controlled Kashmir, kill 9 Hindu pilgrims, police say
Hayley Kiyoko Talks Self-Love, Pride, And Her Size-Inclusive Swimwear Collab With Kitty & Vibe