California Journal of Politics and Policy

The 2023 legislative session was a long and productive one in New Mexico. The annual session required legislators to pass a budget while juggling the social and cultural issues of the day. On the budget front, lawmakers were fortunate to witness record breaking revenues as oil and gas production and receipts soared. Simultaneously, tax collections increased and the state economy finally completed its pandemic recovery. Record surpluses and rosy forecasts meant that lawmakers could significantly expand the state budget (over 13%) and still plot how to secure the state’s financial future. Education funding and capital outlay projects were the clear winners. On the social front, bills related to guns, crimes, abortion, and elections all shared the limelight with appropriations requests. At the end of the day, the 2023 legislature passed its largest ever annual budget, while also passing tax rebates and expanded tax credits. Lawmakers took steps towards stabilizing the long term flow of oil and gas money through permanent funds while, on the social front, strengthening abortion access, enacting safe storage gun laws, providing increased funds for public safety, and passing election code reforms.