Current:Home > FinanceNew Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers -QuantumProfit Labs
New Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers
View
Date:2025-04-15 01:15:52
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! (91619)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- The Daily Money: Inflation eased in September
- Arkansas dad shoots, kills man found with his missing 14-year-old daughter, authorities say
- How good is Derrick Henry? Even NFL legend Eric Dickerson is struck by Ravens RB
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Halle Bailey Seemingly Breaks Silence on Split from DDG
- TikTok was aware of risks kids and teens face on its platform, legal document alleges
- Notre Dame-Stanford weather updates: College football game delayed for inclement weather
- Skins Game to make return to Thanksgiving week with a modern look
- Lawsuit in US targets former Salvadoran colonel in 1982 killings of Dutch journalists
Ranking
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- North Dakota’s abortion ban will remain on hold during court appeal
- Olivia Wilde’s Daughter Daisy Looks So Grown Up in Rare Birthday Photo
- Rihanna's All-Time Favorite Real Housewife Might Surprise You
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Woman who stabbed classmate to please Slender Man files third release request
- Poland’s leader plans to suspend the right to asylum as country faces pressure on Belarus border
- Changing OpenAI’s nonprofit structure would raise questions about its future
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Ex-US Army soldier asks for maximum 40 years in prison but gets a 14-year term for IS plot
Ole Miss releases statement addressing 'feigned injuries'
Why Remi Bader Stopped Posting on Social Media Amid Battle With Depression
Former Danish minister for Greenland discusses Trump's push to acquire island
'NBA Inside Stuff' merged NBA and pop culture before social media. Now it gets HOF treatment.
Erin Andrews Reveals Why She's Nervous to Try for Another Baby
Dodgers silence Padres in Game 5 nail-biter, advance to NLCS vs. Mets: Highlights