
SANTA FE — Gov. Michelle Lujan Grisham released a Fiscal Year 2026 executive budget recommendation on Dec. 12 that builds on progress made during her first six years in office while boosting investments in health care, child well-being and infrastructure across New Mexico.
The budget recommendation includes $10.9 billion in recurring spending — an increase of 5.3% over current year spending. The budget contains an additional $172 million for state employee pay raises, which includes additional compensation for New Mexico educators.
The executive recommendation maintains reserves at 30.4%.
“This fiscally sound budget proposal prioritizes early childhood education, clean energy...