Current:Home > MarketsNew Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers -Blueprint Wealth Network
New Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers
Oliver James Montgomery View
Date:2025-04-08 16:01:41
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! (26)
Related
- Meet first time Grammy nominee Charley Crockett
- Bronny James has only staged workouts for Lakers and Suns, per report
- PGA Tour creates special sponsor exemption for Tiger Woods
- Caitlin Clark's next game: Indiana Fever vs. Washington Mystics on Wednesday
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Thailand's senate passes landmark marriage equality bill
- 2024 NBA free agency guide: Key dates, terms and top free agents this season
- What are the symptoms of Lyme disease? It's a broad range.
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- This Is Your Sign To Finally Book That Italian Girl Summer Trip You’ve Been Dying to Take
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Republicans block bill to outlaw bump stocks for rifles after Supreme Court lifts Trump-era ban
- Nina Dobrev offers glimpse into recovery from dirt biking accident with new photos
- A newborn baby was left abandoned on a hot Texas walking trail. Authorities want to know why.
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- How baseball legend Willie Mays earned the nickname 'The Say Hey Kid'
- As Putin heads for North Korea, South fires warning shots at North Korean soldiers who temporarily crossed border
- Robert Plant, Alison Krauss are a bewitching pair onstage with Zeppelin and their own songs
Recommendation
North Carolina justices rule for restaurants in COVID
Texas megachurch pastor resigns after woman says he sexually abused her in the 1980s
More life sentences for shooter in fatal LGBTQ+ nightclub attack
Rickwood Field, a time capsule of opportunity and oppression, welcomes MLB for Negro Leagues tribute
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
TikToker Melanie Wilking Details “Initial Shock” of Estranged Relationship With Sister Miranda Derrick
New Boeing whistleblower alleges faulty airplane parts may have been used on jets
Fake pin pad machine discovered at Kroger self-checkout in Atlanta, 2 men wanted: Police