Transportation and road infrastructure
The governor requested a $1.5 billion road bonding package to upgrade infrastructure as the state pursues jobs and housing growth. The broader capital and budget packages also move large non-recurring sums into transportation and related projects, raising questions about bond debt versus other uses of surplus revenue.
Should New Mexico pursue a large bonded investment in roads and transportation?
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Sources
Governor Michelle Lujan Grisham — https://www.governor.state.nm.us/2026/01/20/governor-delivers-2026-state-of-the-state-address
All these good new jobs mean we need to upgrade our infrastructure and bolster our housing supply. That’s why my budget request also includes a $1.5 billion road bonding package, $110 million for housing, and zoning reform
NASBO — https://www.nasbo.org/mainsite/resources/proposed-enacted-budgets/newmexico-budget
The legislature also passed $3.0 billion in nonrecurring spending and fund transfers including funding for supplemental appropriations, information technology, and transportation projects.
Positions on this issue · liberal → conservative
- Approve large bonding and green transit investments beyond roads alone
- Support a major multi-year road bonding package to fix and expand highways
- Fund critical road repairs with a mix of bonds and pay-as-you-go money
- Limit new bonding and only fund highest-priority maintenance projects
- Avoid large new road bonds and keep infrastructure spending minimal