New Mexico Legislature Adjourns, Passes Budget Bill - State and Federal Communications

February 24, 2020  •  

New Mexico Legislature Adjourns, Passes Budget Bill

New Mexico Capitol Building - Ken Lund

The Second Session of the 54th New Mexico Legislature adjourned sine die on February 20 at noon after 30 days in session.

During the session, legislators endorsed a $7.6 billion general fund budget for the fiscal year beginning July 1.

The budget raises annual spending by $536 million, setting aside $17 million toward an initiative that may eventually provide tuition-free education at public colleges.

The budget bill also places $320 million in an endowment fund designed to underwrite early childhood education programs with future investments earnings.

Lawmakers also introduced but did not pass Senate Bill 53, which would have required a lobbyist or lobbyist’s employer to file reports within 14 days following the conclusion of a legislative session.

Senate Bill 53 would have required the post-session report to indicate legislation lobbied and the position taken on each piece of legislation.

Opening day of the 2021 legislative session is scheduled for January 19.

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