Current:Home > StocksNew Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers -Elevate Capital Network
New Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers
View
Date:2025-04-16 08:12:19
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! (498)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- California Wildfires Make A Run Toward A Giant Sequoia Grove
- Flash Deal: Save $22 on the It Cosmetics Superhero Volumizing Mascara
- Scientists Are Learning More About Fire Tornadoes, The Spinning Funnels Of Flame
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Kourtney Kardashian Reflects on Drunken Wedding in Las Vegas With Travis Barker on Anniversary
- Boris Johnson Urges World Leaders To Act With Renewed Urgency On Climate Change
- Satellite Photos Show Just How Bad The Flooding From Ida Has Been In New Jersey
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Myanmar says it burned nearly half-billion dollars in seized illegal drugs
Ranking
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Kylie Jenner Goes for Gold in New Bikini Photos
- No direct evidence COVID began in Wuhan lab, US intelligence report says
- Pope Francis And Other Christian Leaders Are Calling For Bold Climate Action
- What to watch: O Jolie night
- Kylie Jenner Goes for Gold in New Bikini Photos
- Local security guard killed in shooting outside U.S. consulate in Jeddah, Saudi Arabia, State Dept. says
- Vatican says new leads worth pursuing in 1983 disappearance of 15-year-old Emanuela Orlandi
Recommendation
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Here's why a lot of South Koreans suddenly just found themselves a year or two younger
Killer whales attack sailboats during international race: A dangerous moment
Himalayan glaciers are melting faster than ever, and scientists say it's going to affect us all
$73.5M beach replenishment project starts in January at Jersey Shore
See Austin Butler and Kaia Gerber’s Sweet PDA Once Upon a Time in Hollywood
Coach Flash Deal: This $298 Coach Tote Bag Is on Sale for $89 and It Comes in 4 Colors
Wagner chief Prigozhin says he's accepted truce brokered by Belarus