New Mexico Senate Bill SJR11

New Mexico 2022 Regular Session

• Introduced: 1/24/22

Caption

Limit Certain Appropriations, Ca

Impact

If passed, this resolution would significantly alter the manner in which the New Mexico legislature handles budgetary appropriations. The mandatory limit on general fund appropriations would necessitate a thorough evaluation of past spending trends and might lead to stricter fiscal discipline among lawmakers. Moreover, to exceed the proposed limit, a three-fourths majority vote would be necessary in each house, reflecting a more collaborative approach toward budget increases, which may help prevent excessive government spending.

Summary

Senate Joint Resolution 11 (SJR11) proposes an amendment to Article 4 of the New Mexico Constitution aimed at limiting the state's ability to increase general fund appropriations. The proposed amendment stipulates that for fiscal year 2024 and beyond, the legislature would be required to set a general fund appropriation limit that cannot exceed five percent of the average of the preceding ten years' appropriations. This amendment seeks to promote fiscal responsibility by establishing a clear boundary on how much the state government can allocate for its operations each year.

Contention

Despite its intent to instill budgetary caution, SJR11 is likely to face substantial debate and contention. Supporters argue that such a measure is necessary to avoid unsustainable financial practices and to safeguard taxpayer money. Critics, however, may contend that this amendment potentially restricts the legislature's flexibility to respond adequately to unforeseen economic challenges or public needs. The requirement for a supermajority to increase appropriations might lead to struggles in funding vital state services in times of crisis, making the resolution a point of political contention as discussions unfold.