Legislative Session

BACK TO SQUARE ONE: Governor Vetoes Legislative Appropriations of Federal Funds

Of all the 158 bills Governor Michelle Lujan Grisham acted on from the 2021 legislative session, one particular action has attracted particular criticism: line-item vetoes of appropriations of federal funds in the state budget. In the final days of the legislative session, amounts of federal COVID-19 relief funds became clearer and the Senate Finance Committee …

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LEGISLATIVE RECAP: Unprecedented Virtual Session Passes a Record Low of Just 158 Bills

With the last of the Governor’s signatures and vetoes coming down last Friday, the 2021 regular session is (finally!) officially over. Here’s a quick look at what happened. The Good A package of short-term COVID-19 relief measures passed, creating a grant program to help businesses pay their rent or mortgage bills, retooling a low-interest loan …

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SPECIAL SESSION NEWS: Check Our Legislative Roundup for the Latest News

SPECIAL SESSION NEWS: Check Our Legislative Roundup for the Latest News

Today at 11:00am, the second special session of 2020 convened. Our state’s legislators continue to debate a bill authorizing the distribution of $330 million of federal CARES Act funding. Currently the package contains provisions for: $194 million to the Department of Workforce Solutions, including $150,000 earmarked for one-time checks of $1,200 to unemployment claimants $100 …

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State economist

STATE ECONOMIST: NM Revenue Hit Not as Bad as Expected… So Far

State economists shared some good news recently – and for a change – about the fiscal outlook of state government. Friday’s look back at general fund spring revenues showed a decline in revenue collections that was less dire than anticipated at the outset of the COVID-19 shutdown, which could add up to about $315 million …

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Storm on the Horizon: Legislative Finance Committee Hears Concerning Economic, Revenue Forecasts

The Chamber released a special edition of the Legislative Roundup this week covering the July meeting of the interim Legislative Finance Committee, which took a hard look at the impact of the COVID-19 pandemic and disruption in energy markets on the state’s revenue projections and what will be required to deliver a balanced budget in next year’s …

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2020 Chamber Awards: Chamber Board Meeting Announces Recipients of This Year’s Awards for Community, Elected Leaders

During a remote Board meeting Thursday afternoon, the Chamber awarded a group of legislators and community leaders with the 2020 Chamber Awards for their important work on behalf of Albuquerque and New Mexico. The annual awards, largely devoted to those legislators and local officials who have done the most to advance important legislation and policy, …

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