On Dec. 1, the Greater Albuquerque Chamber of Commerce hosted a virtual briefing with Legislative Finance Committee Director Charles Sallee, who discussed New Mexico’s finances and economy ahead of the upcoming legislative session, which begins on Jan. 20.
Sallee highlighted New Mexico’s $11 billion budget, with projected surpluses, and emphasized the need for strategic spending on education, infrastructure and public safety. He noted the state’s reliance on oil and gas revenues — which are volatile — and stressed the importance of permanent funds and trust funds for long-term stability.
Sallee also discussed the challenges of improving educational outcomes and the need for better implementation of state programs. These include opportunities for students to have more learning time, better teachers and strong leadership in improving educational outcomes.
He also addressed the challenges of crime and public safety in New Mexico. He said there needs to be better coordination and leadership at the local level to improve crime clearance rates, and the state needs to address the root causes of crime and the need for targeted interventions. He also mentioned a need for a comprehensive approach to public safety that includes law enforcement, prosecution and community engagement.
“Charles did an outstanding job of breaking down complex fiscal information in a way our members could truly understand, said Terri Cole, President and CEO. “He’s knowledgeable, articulate, and a straight shooter — exactly what we need as we head into the legislative session.”
To read Sallee’s PowerPoint, click here or to view the webinar, click here.