Committee removes electricity tax provision from proposed transportation trust fund bill Committee members adopted a sponsor amendment that strips the provision in HB322 that would have taken 1% of gross receipts from electricity sales to seed a proposed Transportation Trust Fund; the amended bill was advanced from committee.

In a significant move, the committee has advanced House Bill 322, but not without removing a controversial electricity tax that could reshape New Mexico's transportation funding future.

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House committee debates HB322 transportation trust fund; vote ties and bill stays in committee HB322 would create a Transportation Trust Fund and redirect portions of motor vehicle excise tax and a slice of electricity GRT to grow the fund; proponents said it would help match federal funds, industry witnesses backed it, but a committee roll call ended in a tie and the motion to pass failed, leaving the bill in committee.

House Bill 322 aims to create a dedicated Transportation Trust Fund to boost road projects in New Mexico, but a tie vote leaves its future uncertain.

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Lawmakers briefed on DOT operating budget; members fault using fund balance for recurring costs and press for equipment and rural airport details House transportation committee received an informational overview of the Department of Transportation operating budget (HB 3). Members raised concerns about using one‑time fund balances for recurring costs, liability insurance increases, equipment shortfalls and cuts to aviation grants; staff promised follow‑up lists and charts.

Lawmakers are raising alarms over the use of one-time fund balances in the Department of Transportation's budget, warning it could lead to a repeat of last year's financial crisis!

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Senate Bill 2 would authorize $1.5 billion in transportation bonds and raise truck, registration and EV fees to pay debt service Committee received an overview of Senate Bill 2, which would grant the State Transportation Commission $1.5 billion in new bonding authority and create three new revenue streams (a 35% weight‑distance tax increase, higher vehicle registration fees and a new EV surcharge) estimated to generate about $70 million in year one for debt service.

New Mexico's Senate Bill 2 aims to unleash $1.5 billion in transportation bonds while raising fees for trucks, vehicles, and electric cars to ensure a robust funding future.

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State Transportation Department secures $350M for infrastructure and wildlife projects Appropriations target heavy equipment, roadway maintenance, and wildlife corridors with state funding.

New Mexico's House Bill 2 is set to revolutionize the state's transportation infrastructure with a whopping $350 million investment, but what does this mean for the future of funding and community safety?

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