GENERAL APPROPRIATION ACT OF 2025

SB 229, the General Appropriation Act of 2025, allocates state funds for New Mexico's fiscal year 2026 (starting July 2025) to support all state agencies. It specifies funding sources, including $46.16 million from the general fund for legislative operations and $466.95 million from the general fund for judicial agencies, with additional amounts from other state funds, internal service funds, and federal funds. Key mechanisms include requiring unspent balances from fiscal year 2025 to revert to the general fund by October 1, 2025, and mandating the state budget division to monitor agency revenues against projections. This bill directly affects all state agencies receiving funding by setting their fiscal year 2026 operating budgets and expenditure rules. It is a routine budget measure, not a policy change, governing how state funds are distributed and managed.