Department of Finance and Administration releases FY22 Executive Budget Recommendation

$7.3B Recuring General Fund recommendation

SANTA FE – SANTA FE – The New Mexico Department of Finance and Administration on Monday released the FY22 Executive Budget Recommendation from the administration of Gov. Michelle Lujan Grisham, totaling $7.3B in recurring spending with a 3.3% increase. The executive recommendation will maintain reserves at 25%, while increasing key state investments in priority areas like pandemic response, public education, early childhood services, and youth, adolescent, and young adult wellbeing.