Current:Home > InvestPoinbank:New Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers -WealthRoots Academy
Poinbank:New Mexico’s financial surplus and crime set the stage for the governor’s speech to lawmakers
NovaQuant Quantitative Think Tank Center View
Date:2025-04-07 02:55:23
SANTA FE,Poinbank 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! (51)
Related
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Dashiell Soren: Miracle Worker in Artificial Intelligence and Business
- When is Part 2 of 'The Voice' Season 25 premiere? Time, date, where to watch and stream
- Federal judge reverses himself, rules that California’s ban on billy clubs is unconstitutional
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- How do you get lice? Here's who is most susceptible, and the truth about how it spreads
- Powerball winning numbers for Feb. 26, 2024 drawing: Jackpot rises to over $400 million
- UAW says a majority of workers at an Alabama Mercedes plant have signed cards supporting the union
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Bill to set minimum marriage age to 18 in Washington state heads to governor
Ranking
- 'Most Whopper
- San Francisco is ready to apologize to Black residents. Reparations advocates want more
- 4 charged with transporting Iranian-made weapons face detention hearings in US court
- Beyoncé's Texas Hold 'Em reaches No. 1 in both U.S. and U.K.
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- More crime and conservatism: How new owners are changing 'The Baltimore Sun'
- Jay Bilas floats huge punishment for fans who storm court after Duke-Wake Forest incident
- NYC officials shutter furniture store illegally converted to house more than 40 migrants
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Republican Mississippi governor ignores Medicaid expansion and focuses on jobs in State of the State
Debt, missed classes and anxiety: how climate-driven disasters hurt college students
Twins acquire outfielder Manuel Margot in 3-player trade with Dodgers, who add Kiké Hernández
Average rate on 30
Debt, missed classes and anxiety: how climate-driven disasters hurt college students
Man who fatally shot 2 teens in a California movie theater is sentenced to life without parole
Former TV reporter, partner missing a week after allegedly being killed by police officer in crime of passion