Legislative Finance Committee Director Charles Sallee spoke to business and community leaders on December 1 in a virtual briefing hosted by the Greater Albuquerque Chamber of Commerce. The discussion focused on New Mexico's finances and economic outlook before the legislative session that starts January 20, 2026.
Sallee explained that New Mexico has an $11 billion budget with expected surpluses. He stressed the importance of using these funds strategically, particularly for education, infrastructure, and public safety. He pointed out that much of the state's revenue comes from oil and gas, which can be unpredictable. Because of this, Sallee highlighted the need for permanent and trust funds to help stabilize state finances over time.
The briefing also addressed ongoing challenges in education. Sallee said improving outcomes will require better program implementation, more learning opportunities for students, qualified teachers, and strong leadership.
On public safety issues, Sallee noted problems such as crime rates in New Mexico. He said there should be better coordination among local authorities to improve how crimes are solved and called for targeted interventions to address underlying causes of crime. He recommended a broad approach involving law enforcement, prosecution, and community engagement.
“Charles did an outstanding job of breaking down complex fiscal information in a way our members could truly understand," said Terri Cole, President and CEO. "He’s knowledgeable, articulate, and a straight shooter — exactly what we need as we head into the legislative session.”
Sallee’s presentation slides and a recording of the webinar are available online.
