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New Mexico Legislative Finance Committee releases $10.8B budget recommendation • Source New Mexico

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New Mexico Legislative Finance Committee releases .8B budget recommendation • Source New Mexico


New Mexico’s Legislative Finance Committee on Wednesday recommended $10.8 billion in spending for the 2025-2026 fiscal year from the state’s general fund, a 5.7% increase over 2025 planned spending.

In a statement, Sen. George Muñoz (D-Gallup), LFC chairman and chair of the Senate Finance Committee, said “fiscal restraint has been critical to our successful efforts to transform the revenue boom of the last few years into long-term support for state services.” He continued to say the lawmaker’s intended budget recommendation balances increasing New Mexican’s income, health care and quality of life while saving for the future.

Democratic lawmakers held a news conference Wednesday to present their recommendations, which include $3 billion in one-time spending: $50 million for regional recreation centers and quality of life grants; $350 million for transportation projects; $855 million for special projects and $1.7 billion in transfers to endowments and other funds.

The budget also allocates 45% of the $577 million increase in recurring general fund spending to public education, primarily toward the formula-based state equalization guarantee distribution to school districts and charter schools.

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Other budget highlights include:

• a 3% increase, or $36 million to the Higher Education Department

• approximately $79 million more to the Health Care Authority, primarily for Medicaid

• an average 4% increase for higher education and state employee salaries— $134 million.

“New Mexico is in the best financial situation it’s ever been in its history,” Muñoz told reporters Wednesday. “If we do maintain responsible policies in New Mexico, we’ll continue on this path to growth for the next 10 years.”

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Gov. Michelle Lujan Grisham’s budget recommendations, which she released in December, call for $10.9 billion in recurring spending overall, including $172 million for state employee and educator raises.

Senate Majority Leader Peter Wirth (D-Santa Fe) said the Legislature’s budget proposal is “not that far apart” from the governor’s proposed budget, “and that’s a really good thing going into a session.”

The committee’s plan allocates 33% of planned spending for reserves; the governor’s recommends maintaining reserves at 30.4%.

In a statement, Department of Finance and Administration Cabinet Secretary Wayne Propst said the agency released the executive budget recommendation “earlier than ever to give both the public and the Legislature ample time to review and understand our plan before the LFC presented theirs.”

“We appreciate the effort that went into the LFC recommendation and agree that both recommendations align on key priorities and are very close to each other.  Where differences exist, we look forward to working through them with the appropriating committees,” Propst said. “We’ve been proactive in building strong reserves and setting aside billions for the future. These next 60 days will test our collective resolve to resist unnecessary spending and stay focused on building a strong and stable financial future for New Mexico.”

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Senate President Pro Tem Sen. Mimi Stewart (D-Albuquerque) also noted the budget includes a community benefit fund for electrification, transportation and clean jobs infrastructure designed to help local communities lower greenhouse gas emissions, and have healthier air, land and water.

Overall, House Appropriations and Finance Committee Chair Rep. Nathan Small (D-Las Cruces) said the budget focuses on making New Mexicans’ lives better immediately and in the next decade and beyond.

Wise spending in this budget will allow for sustained future raises for public servants like teachers, police officers, health care workers and others, Small said, “whereas in past cycles, it was a boom-and-bust approach.”

“We have an enviable opportunity in order to spend increased amounts today, while also saving for the future,” he said.

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Summerlike heat settles into New Mexico this week

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Summerlike heat settles into New Mexico this week


Grant’s Monday Night Forecast

Temperatures will heat up across New Mexico through Tuesday, with near-record highs possible in parts of the state. Highs cool slightly starting Wednesday, with a few spotty showers possible later this week.

High pressure is building toward New Mexico to start the week, bringing hotter temperatures statewide. The center of that high will move over the state Tuesday, making it the hottest day of the week. Highs will climb into the 80s and 90s for most areas, with several spots coming within a few degrees of tying or breaking daily record highs.

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The high starts to weaken Wednesday, but temperatures will only cool by a few degrees. Moisture will also begin streaming into New Mexico, bringing more cloud cover and a chance for a few spotty showers or areas of evaporating rain, mainly across northern New Mexico. By Thursday, that spotty rain chance shifts into eastern New Mexico.

Temperatures will stay above average to well above average through the end of the week and into the weekend, with most highs remaining in the 80s and 90s. Afternoon breezes will also stick around most days over the next week.



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Four New Mexico companies nominated for ‘Best Hot Air Balloon Ride’ by USA Today

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Four New Mexico companies nominated for ‘Best Hot Air Balloon Ride’ by USA Today


NEW MEXICO (KRQE) — Four companies in New Mexico have been nominated for USA Today’s “Best Hot Air Balloon Ride” list for 2026. Voting is open now through June 1.

Here’s a look at the New Mexico nominees:

  • Four Corners Balloon Rides (Albuquerque)
    • “Four Corners Balloon Rides will get you soaring above Albuquerque in a hot air balloon. They fly smaller balloons with a capacity of up to 12 passengers, and you can opt between shared flights or a private charter, with flights running for about 45 minutes to an hour. You’ll see beautiful views of the Rio Grande Valley, the Sandia Mountains, and all of Albuquerque some 2,000 feet below you. The pilot, Daniel, has over 3,000 hours of flight time, so you’re ensured to be in good, safe hands. 
  • Rainbow Ryders (Albuquerque)
    • “As home to the International Balloon Fiesta, Albuquerque is one of the world’s most popular spots for hot air ballooning. Rainbow Ryders offers daily flights throughout the year, which have you floating above the high desert landscape of New Mexico, as well as the Phoenix-Scottsdale area. The company is also the official hot air balloon ride operator at the Albuquerque International Balloon Fiesta.
  • World Balloon (Albuquerque)
    • “World Balloon in Albuquerque, New Mexico, offers both group and private hot air balloon flights throughout the year. On flights that usually last an hour, passengers can enjoy unmatched views of the Rio Grande River and Bosque or watch the sunrise over the city.”
  • X-Treme-Lee Fun Balloon Adventures (Gallup)
    • “X-Treme-Lee Fun Balloon Adventures provides a beautiful sunrise hot air balloon tour near Gallup, New Mexico. On journeys that typically last about an hour, passengers can enjoy views of scenic Red Rock Park’s canyons and spires.”

A total of 20 companies were nominated overall. Multiple companies in neighboring states were also nominated. Those include Above It All in Aspen, Colorado, Adventures Out West in Colorado Springs, Firebird Balloons in Phoenix, Grand Adventure Balloon Tours in Winter Park, Colorado, Hot Air Expeditions in Phoenix, and Red Rock Balloons in Sedona, Arizona.

The winner will be determined by readers’ votes. You can vote online.

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Future of free childcare for all families in New Mexico remains uncertain

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Future of free childcare for all families in New Mexico remains uncertain


Gov. Michelle Lujan Grisham has no regrets about universal childcare.

As she approaches the end of her second term in New Mexico’s top office, she acknowledges there are some things she would have done differently. In a recent interview, she called 20/20 hindsight a “very powerful tool” that not enough politicians put to good use.

Moving the state toward a free childcare system — open to all New Mexico families regardless of income — isn’t on that list, however. The issue has turned into one of the defining public policy issues of Lujan Grisham’s tenure — which will come to an end later this year. The state’s heavily Democratic Legislature, initially wary of the program, has since voiced support and created a funding stream to continue the initiative for the next five years.

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‘You have to start there’

Childcare costs, benefits

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‘We have to get it right’

GOP might ‘peel back’ scope

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