About $7.6B in New Mexico capital outlay funds remained unspent in recent months, new report says

About $7.6 billion intended for more than 6,400 big-budget projects across New Mexico remained unspent at the end of last fiscal year, according to a new Legislative Finance Committee analysis. State lawmakers at a Thursday hearing said they want to see local communities spend more of the capital outlay money the Legislature awards them.

By: Joshua Bowling

Outlets: Source New Mexico

Published: August 27, 2026

Words: 585

Last Updated: 1 month, 3 weeks ago

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About $7.6 billion intended for more than 6,400 big-budget projects across New Mexico remained unspent at the end of last fiscal year, according to a new Legislative Finance Committee analysis.

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LFC fiscal analyst Ella Hatfield and Director Charles Sallee gave lawmakers on the interim Legislative Finance Committee an update on last fiscal year’s capital outlay projects, a term that refers to major construction projects and …

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