Issue · Budget & Taxes

Budget & Taxes

Every budget & taxes bill, vote, and legislator stance in New Mexico, automatically classified by Maddy, our AI policy reader.

Total bills
24
2026 Regular Session
Top supporter
Nathan Small
100% support rate
Top opponent
Stefani Lord
0% support rate
Ranked legislators
10
5 support · 5 oppose
Key legislators

Who's moving budget & taxes in New Mexico

Legislators moving budget & taxes in New Mexico
Legislator Party Stance Support rate Votes
Nathan Small
Nathan Small House · District 36
D
Strong +
100% 21
Art De La Cruz
Art De La Cruz House · District 12
D
Strong +
100% 22
Anita Gonzales
Anita Gonzales House · District 70
D
Strong +
100% 21
Ray Lara
Ray Lara House · District 34
D
Strong +
100% 20
Reena Szczepanski
Reena Szczepanski House · District 47
D
Strong +
100% 22
Stefani Lord
Stefani Lord House · District 22
R
Strong −
0% 17
Randy Pettigrew
Randy Pettigrew House · District 61
R
Strong −
0% 21
Alan Martinez
Alan Martinez House · District 23
R
Strong −
0% 15
John Block
John Block House · District 51
R
Strong −
0% 22
Angelita Mejia
Angelita Mejia House · District 58
R
Strong −
0% 21
Showing 11–20 of 24 bills

All budget & taxes bills

signed · New Mexico · House Mar 9, 2026

HB 8: HIGHER ED. MAJOR PROJECTS FUND

HB 8 creates a $300 million Higher Education Major Projects Fund in New Mexico's state treasury, funded by a transfer from the general fund. The bill allows state universities and community colleges to use these funds for major construction projects, including research facilities costing $50 million or more, student housing, and student life facilities like recreation centers. It requires institutions to cover 25-50% of project costs through non-state sources (like donations or bonds), with waivers possible if institutions cannot afford matches. Initial priorities include $150 million for a new UNM medical school, $50 million for a NMSU building, and $100 million for student housing statewide.
signed · New Mexico · Senate Mar 6, 2026

SB 152: LOW-INCOME TELECOMM. ASSISTANCE PROGRAM

SB 152 establishes a new Low-Income Telecommunications Assistance Program in New Mexico, replacing the previous "Low Income Telephone Service Assistance Act." The program directly affects low-income residents who qualify for telecom service assistance, waiving specific fees including the 911 emergency surcharge and telecommunications relay service surcharge. Key provisions include restructuring the existing broadband program, setting budget caps for the state rural universal service fund, and requiring regular reporting on program administration. The bill repeals the outdated Low Income Telephone Service Assistance Act to streamline eligibility and funding under the new framework.
signed · New Mexico · House Mar 6, 2026

HB 4: HEALTH CARE AFFORDABILITY FUND DISTRIBUTIONS

HB 4 adjusts how funds from New Mexico's health insurance premium surtax are distributed to the Health Care Affordability Fund. It changes the percentage of surtax revenue sent to the fund over time: 55% before July 2024, 30% from July 2024 to September 2025, 55% from September 2025 to September 2026, and 100% after September 2026. The bill directly affects the allocation of state revenue generated by the health insurance surtax, which supports healthcare affordability programs. This policy change modifies existing distribution rules without altering the surtax rate itself. The fund's purpose is to assist New Mexicans with healthcare costs, though the bill does not specify new eligibility criteria or program expansions.
signed · New Mexico · House Mar 5, 2026

HB 7: APPRENTICESHIP ASSISTANCE ACT TRANSFERS

HB 7 directs annual transfers from New Mexico's Workforce Development and Apprenticeship Trust Fund to two specific programs: $2.5 million to the Public Works Apprentice and Training Fund and $2.5 million to the Workforce Solutions Department for fiscal year 2026, with amounts reducing to $1.5 million each annually after 2026. These funds support apprenticeship programs under the Apprenticeship Assistance Act, directly aiding job training for workers in public works and other sectors. The bill ensures dedicated funding for workforce development while including a contingency to transfer money to the general fund only if other reserves are exhausted during budget shortfalls.
signed · New Mexico · House Mar 5, 2026

HB 95: ADDITIONAL SECOND JUDICIAL DISTRICT JUDGESHIP

HB 95 creates a new judgeship in New Mexico's Second Judicial District, increasing the number of district judges from thirty to thirty-one. The bill appropriates $451,400 from the general fund for fiscal year 2027 to cover the judge's salary, benefits, and necessary office equipment and supplies. This funding is specifically for the new position within the Second Judicial District court system. The bill directly affects the administrative capacity and staffing of that district's courts.
signed · New Mexico · House Mar 5, 2026

HB 158: PLANS ON USE OF CERTAIN FUNDS

HB 158 requires state agencies receiving funds from the Government Results and Opportunity Expendable Trust to submit detailed accountability and evaluation plans for their programs. These plans must outline goals, evidence-based practices, performance measures, evaluation methods, and public reporting timelines. Agencies must submit initial plans by July 1 each year after funding is approved, with potential revisions by September 1, and final evaluations by July 15 of the program’s last funding year. The bill aims to ensure transparency and measurable outcomes for public spending from this specific trust fund.
signed · New Mexico · House Mar 5, 2026

HB 108: WATERSHED DISTRICT TAXES AND DIRECTORS

HB 108 allows watershed districts in New Mexico to request soil and water conservation districts to levy property taxes for district operations. Specifically, watershed districts can ask the local soil conservation district board to impose an annual tax (capped at $5 per $1,000 of property value) to fund administration, construction, and maintenance of watershed projects. This bill clarifies the appointment process for watershed district boards, ensuring representation from soil conservation districts that hold minority land within the watershed area. It directly affects watershed districts, soil conservation districts, and property owners within those districts who may be subject to the requested taxes. The key change is creating a formal mechanism for watershed districts to secure dedicated funding through local property tax levies.
signed · New Mexico · House Mar 4, 2026

HB 64: PUBLIC PROJECT REVOLVING FUND APPROPRIATIONS

HB 64 allocates $13.25 million from New Mexico's Public Project Revolving Fund to three specific state funds for fiscal year 2027 and beyond. It provides $6.25 million to the Drinking Water State Revolving Loan Fund to match federal projects under the Safe Drinking Water Act, $2 million to the Local Government Planning Fund, and $5 million to the Cultural Affairs Facilities Infrastructure Fund for facility upgrades. The bill ensures unspent funds remain with the recipient programs instead of returning to the original revolving fund. This directly supports water infrastructure projects, local government planning initiatives, and cultural facility improvements across the state.
signed · New Mexico · House Mar 4, 2026

HB 154: ADVANCED ENERGY PRODUCT DEFINITION

HB 154 updates the definition of "advanced energy product" for New Mexico's existing tax credit programs. It specifies that qualifying products include solar components (like panels and cells), wind turbine parts, battery materials, fusion machine components, and critical minerals (such as lithium and cobalt). This definition determines eligibility for the Advanced Energy Equipment Income Tax Credit and Corporate Income Tax Credit, which provide tax relief for manufacturers investing in qualifying facilities within New Mexico. The bill directly affects businesses producing these specific energy technologies who seek to claim the tax credits.
signed · New Mexico · House Mar 4, 2026

HB 255: PUBLIC SAFETY WORKFORCE BUILDING PROGRAM

HB 255 creates a dedicated state fund to help counties and public safety agencies recruit and retain workers in law enforcement, firefighting, corrections, and public defender offices. The program provides competitive grants for recruitment bonuses, training, cross-jurisdictional collaboration, and equipment tied to workforce development - *not* for base salaries or new positions. Grant applicants must demonstrate how their initiatives address local staffing gaps, with priority given to areas with high vacancy rates or crime. All funds must be spent within two years, and grantees must submit annual progress reports to the state.
Showing 11 to 20 of 24 bills