A $1.5 billion transportation bonding bill has passed the New Mexico House of Representatives and is now headed to Governor Michelle Lujan Grisham, who has announced her intention to sign it into law. The legislation aims to provide a consistent funding source for road and bridge construction across the state.
“This major investment in New Mexico’s transportation infrastructure is long overdue, and I’m grateful to House leadership for approving it,” said Lujan Grisham. “At the halfway point of the 30-day session, New Mexicans should be encouraged by the level of effort and the amount of work being done by the legislature to address our state’s needs.”
The bill, known as SB 2, was sponsored by Senators Roberto “Bobby” J. Gonzales, George K. Muñoz, Pete Campos, Benny Shendo Jr., and Representative Art De La Cruz, among others. It authorizes the State Transportation Commission to issue up to $1.5 billion in bonds for projects listed in the State Transportation Improvement Program. This measure is expected to generate at least $70 million annually in new recurring revenue without increasing fuel taxes.
SB 2 addresses a significant shortfall in transportation funding within New Mexico. The state faces a $7.5 billion gap that has left more than half its roads in need of maintenance, leading drivers to incur over $1,000 per year on vehicle repairs and wasted fuel.
Senate Majority Leader Peter Wirth played a key role in advancing the bill through the Senate during the first week of the legislative session, while House Speaker Javier Martinez maintained momentum in the House during the second week.
“I support Senate Bill 2 because investing in our highways and infrastructure through responsible bonding will help create jobs, improve safety and ensure New Mexico’s transportation system meets the needs of our communities,” said Sen. Bobby J. Gonzales. “The bond authority will create a stable and predictable funding source and reduce ongoing dependency on one-time appropriations.”
Representative Art De La Cruz added: “I am proud to co-sponsor SB 2, which will mean that the improvements needed to our roads, bridges and other transportation related infrastructure can be accomplished more quickly.”
The governor expressed gratitude to all 19 sponsors involved with moving this legislation forward.
Following enactment—expected after May 20, 2026—the Department of Transportation will begin preparations so that priority projects can receive funding as soon as possible.
