2020 Legislative Session
Budget Boom: 21st century ‘gold rush’ fuels long wish list for schools, infrastructure
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We pick up where our story left off last year. As in 2019, we find New Mexico’s fortunes glittering in a 21st-century version of a gold rush in the oil-rich southeast as state lawmakers prepare for the 2020 30-day session.
Policy makers will have about $800 million more in revenue than this year’s state budget to work with when crafting the state’s spending plan for the fiscal year that starts July 1. In an election year like 2020, it’s easier to partition a surplus than to cut programs and services, as state leaders discovered a few years ago in 2016 after a freefall in tax revenue forced painful choices. “We’re lucky to have the kind of revenues that are coming into the state,” Gov. Michelle Lujan Grisham told an audience last month at an Albuquerque town hall.
There’s always a “but,” however, and Lujan Grisham didn’t disappoint. After acknowledging New Mexico’s gilded economic forecast, she recited a backlog of needs..“Our roads aren’t safe.