Executive and Legislative Finance Committee Budget Recommendations
Fiscal year 2020
The Governor’s office released its Executive Budget Recommendation, which recommends a general fund recurring budget of $7.1 billion, a 13% increase general reserve fund increase.
The Legislative Finance Committee (LFC) also released its recommendation. It proposes an increase of $21 million in recurring funds for all higher education, an increase of 2.6 percent.
The Legislative Finance Committee released its budget recommendation on January 14, 2019 and it
includes a total of $824.5 million in recurring funding for FY20, an increase of 2.6 percent from the FY19
funding level. Detail regarding the NMSU System budget is located on the table below and compares
the executive recommendation and the Legislative Finance Committee recommendation.
They also recommend several non‐recurring items: $50 million for the college affordability endowment
fund, $25 million for the higher education endowment fund, and $25 million for the teacher loan
They recommend 4 percent compensation increase for all state and higher education employees and
includes $27.2 million from the general fund for 1 percent employer increase. An introduced bill
proposed to increase the employer contribution from 13.9% to 14.9%. The funding is contingent upon
legislation balancing increased revenues with controlling expenditures.
The LFC is recommending a total of $26,155,000 in capital outlay and can be found on the attached
Fiscal Year 2019
The Executive (The Governor’s Office and state administration) and the Legislative Finance Committee (LFC) on January 5 released their final recommendations as legislators head into the 2018 legislative session. Below is a preliminary summary of the FY19 budget recommendations.
I&G Funding Formula
- Executive adopts the Higher Education Department (HED) recommendation of 0% new money and 6.5% redistribution
- LFC recommends 0% new money and 4% redistribution
- Without specific details, it is appears that the Executive recommends flat funding for RPSP’s, and recommending $1.0 for the Office of the Medical Investigator
- Executive – ?
- LFC includes $1.5% compensation
- LFC recommends a $4.0 million nonrecurring appropriation for FY19 for the lottery scholarship
General Obligation Bond
To read the reports, click on the links below:
Fiscal year 2018
NMSU Impact: Side-by-side Comparison of Executive budget proposal and Legislative Finance
The Governor’s budget proposal
Remainder of FY 2017:
* Additional 0.5% reduction from the 2016 Special Session reduction of 5% for higher education
* Includes an ERB swap, by decreasing the employer contribution by 3.5% and increasing the employee contribution by 3.5%
* 1% reduction to higher education institutions, and a .5% cut to special schools
* Continues 3.5% ERB swap
* .6% reduction for higher education
* Does NOT propose modifications to the employees contribution to retirement
* 4% base redistribution and no new money for the Instruction & General (I&G) funding formula
* For Non I&G, a 6.5% reduction for most Research and Public Service Projects (RPSP’s) and
moving several projects into I&G
* Flat budget for the Agricultural Experiment Station, Cooperative Extension Service, and the New
Mexico Department of Agriculture