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
9
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 9 of 9 bills

All budget & taxes bills

signed · New Mexico · House Mar 10, 2026

HB 80: OIL & GAS CONSERVATION TAX ACT CHANGES

HB 80 increases funding for New Mexico's Oil and Gas Reclamation Fund by raising the tax distribution percentage from 2/19% to 50% starting July 2027, gradually increasing to 100% through 2037 before returning to 50% after 2037. The bill directly affects oil and gas operators (through higher tax contributions) and the state's energy department (which administers the fund). Key provisions include expanding fund use to cover energy education programs ($150,000 annually) and requiring the department to plug abandoned wells, restore sites, and pursue cost recovery from operators. Funds will be managed under the Energy, Minerals and Natural Resources Department with annual reporting requirements.
signed · New Mexico · Senate Mar 10, 2026

SB 193: ACEQUIA & DITCH INFRASTRUCTURE FUND TRANSFER

This bill increases the annual transfer of funds from the New Mexico Irrigation Works Construction Fund to the Acequia and Community Ditch Infrastructure Fund from $2.5 million to $5 million. It directly affects acequia (traditional community irrigation systems) and local ditch infrastructure projects by providing them with doubled annual funding. The key mechanism is an amendment to existing state statute governing fund allocations, while maintaining a separate $1 million annual transfer to the Forest Land Protection Revolving Fund. The change takes effect on July 1, 2026, and represents a concrete policy shift in water infrastructure funding priorities.
signed · New Mexico · House Mar 10, 2026

HB 248: GENERAL OBLIGATION BONDS

HB 248 authorizes New Mexico to issue $500 million in general obligation bonds to fund capital projects including senior centers statewide, higher education facilities, and public libraries. The bonds would be paid through a new property tax levy on all taxable property in the state, with principal and interest due over a maximum 10-year term. Voter approval via a statewide referendum at the 2026 general election is required before the bonds can be issued. This bill creates a new state debt obligation backed by the full faith and credit of New Mexico, directly affecting taxpayers through the property tax mechanism.
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 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.
signed · New Mexico · Senate Feb 2, 2026

SB 19: SCHOOL FINANCE UNIT VALUE RESET

SB 19 adjusts New Mexico's public school funding calculation for fiscal year 2026 by resetting the "unit value" used to determine state education funding. It requires the Secretary of Public Education to adjust this value by February 27, 2026, based on statewide unit counts after consulting with finance departments and legislative committees. This change directly affects all public schools in New Mexico by altering the formula for calculating their state funding allocation for that fiscal year. The bill is a temporary adjustment for FY2026, not a permanent change to the school finance system.