The General Appropriation Act of 2025 outlines the budgetary allocations for state agencies in New Mexico for the fiscal year 2026, with a total budget of approximately $14.4 billion. The bill includes definitions for key terms related to the appropriations process and specifies funding sources, including the general fund and other state funds. It establishes guidelines for the reversion of unexpended balances in agency accounts and mandates monitoring of agency revenues by the state budget division. The bill allocates specific appropriations for various state agencies, including the legislative, judicial, and district attorney offices, while emphasizing adherence to the modified accrual basis of accounting and provisions for the payment of unused sick leave for state employees.

Additionally, the bill addresses various programs aimed at enhancing public services, education, health care, and economic development. It includes provisions for performance measures to ensure accountability and efficiency in the use of public funds, such as tracking timely vendor payments and health insurance claims management. Notably, the bill allows for budget adjustments and transfers in case of emergencies, with a cap of $4 million for fiscal year 2026. The bill also emphasizes the importance of educational initiatives, including funding for teacher training and student retention programs, while ensuring that unexpended balances from appropriations revert to the general fund at the end of the fiscal year. Overall, the General Appropriation Act of 2025 aims to provide a comprehensive framework for effective management of state resources and services while promoting fiscal responsibility.