Good News For New Mexico General Fund Revenue Estimate – $892.3 Million in New Money
Legislative Fiance Committee Staff and Governor’s Team Deliver Good Money News for New Mexico Legislators as They Prepare for 2025 Legislative and Budget Session.
According to the December 2024 General Fund Consensus Revenue Estimates, revenues grew over the August estimate by about “$247.3 million,” meaning the “Total revenues less total prior year spending more accurately reflects new general funds available over prior years, which is $892.3 million in FY26.”
More to come on this story. (The two reports presented to Legislative Fiance Committee members this morning, are embedded below.)
General Fund Consensus Revenue Estimate – From the Staff of the Legislative Finance Committee
Consensus General Fund Revenue Outlook – From The Governor’s Team