Budget & Taxes

This bill (HB 3) is a funding authorization for New Mexico's Department of Transportation (DOT) for fiscal year 2027. It allocates specific budget amounts for highway construction and maintenance ($556 million for design/construction, $321 million for operations), including funding for road projects, bridge inspections, and equipment. The bill includes performance targets, such as maintaining 95% of bridges in fair or better condition and completing 88% of projects on schedule. It directly affects DOT operations and state highway infrastructure management, with no new policy changes - only funding allocation.