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Senate finance panel hears two-year aid package to offset local losses from House Bill 9
Summary
A Senate Finance substitute for Senate Bill 273 would provide monthly, two-year payments to affected New Mexico counties and towns to offset revenue losses tied to contracts with detention facilities after passage of House Bill 9; committee members pressed for verification and reserved action until further amendments.
Senate Finance Committee members heard an emergency-style substitute for Senate Bill 273 proposing a two-year, monthly appropriation to hold local governments harmless from revenue losses tied to the termination or reduction of contracts with private detention facilities under recent state policy changes.
The substitute—presented by the bill sponsor—would appropriate $42,400,000 from the general fund across fiscal years 2027 and 2028 for a package of targeted payments and program support. The sponsor said funds would protect Otero County bond obligations, fund critical water repairs in Estancia, support prisoner transport in Cibola County, and stabilize municipal budgets in Milan and…
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