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Govt Spending

Community Voice

State budget size and spending growth

The governor proposed an $11.3 billion budget with increased spending; the enacted FY27 budget is about $11.1 billion in recurring general fund spending (roughly 3% growth), plus billions in non-recurring items, while keeping large reserves. Debates center on how aggressively to spend oil-and-gas-driven revenues on programs versus restraining growth and saving more, especially with federal funding cuts affecting health and other services.

Should New Mexico keep expanding state spending from its current multi-billion-dollar budgets?

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Sources

Gov. Michelle Lujan Grisham’s office — https://sourcenm.com/2025/12/22/nm-governors-office-proposes-11-3-billion-state-budget-and-increased-spending
NM Governor’s office proposes $11.3B state budget and increased spending... Lawmakers will convene for 30 days in Santa Fe beginning on Jan. 20 to craft a budget for the upcoming fiscal year.
NASBO — https://www.nasbo.org/mainsite/resources/proposed-enacted-budgets/newmexico-budget
On March 11, New Mexico Governor Michelle Lujan Grisham signed the state budget for fiscal 2027. The budget totals $11.1 billion in recurring general fund spending, a 3.1 percent increase over fiscal 2026 levels.
New Mexico Indian Affairs Department — https://www.iad.nm.gov/wp-content/uploads/2026/04/IAD_LegislativeReport_digital_FINAL_APPROVED.pdf
The 2026 legislative session delivered an $11.1 billion state budget... Overall, recurring general fund spending increased by $277 million, a 2.6% growth over last year, with $3 billion in non-recurring appropriations.
Positions on this issue  ·  liberal → conservative
  1. Significantly expand recurring spending on social programs, childcare, health, and infrastructure
  2. Support moderate spending growth to fill federal gaps while keeping strong reserves
  3. Hold spending near current levels and decide case-by-case on new programs
  4. Slow spending growth and put more revenue into reserves given volatile oil income
  5. Cut or freeze many new outlays and prioritize smaller government and tax relief