Santa Fe — August 14th marks National ABLE Savings Day, a day recognized by ABLE Today and the National Association of State Treasurers (NAST) to raise awareness of ABLE Account programs and their life-changing impact on the lives of people with disabilities. These accounts have helped thousands of individuals in the disability community take control of their financial futures, build independence, and plan with confidence. . .

Santa Fe — New Mexico State Treasurer Laura M. Montoya, Vermont State Treasurer Mike Pieciak, Minnesota State Auditor Julie Blaha, and Houston City Controller Chris Hollins will join Americans for Responsible Growth for a press call highlighting the recklessness of the Trump administration’s move to gut the Federal Emergency Management Agency (FEMA). . .

Santa Fe — The New Mexico State Treasurer’s Office is issuing an official alert about two active fraud schemes targeting residents and government entities through impersonation phone calls and phishing emails. . .

Santa Fe — With a new fiscal year comes a new look to the New Mexico State Treasurer's Office (NM STO). STO is thrilled to unveil its fully reimagined website now live and ready to better serve New Mexicans. . .

Santa Fe — On today’s press call with Americans for Responsible Growth, state financial leaders responded to the Senate parliamentarian’s ruling that Senate Republicans tried—and failed—to sneak devastating Medicaid cuts into their “One Big, Bogus Mistake” bill. After the ruling confirmed that their attempt to gut essential programs like Medicaid violates Senate rules, the state financial leaders warned that Republicans’ reconciliation bill is a reckless giveaway to the ultra-wealthy that would hurt working families, strain hospitals, and make life more expensive for everyone else. . .

Santa Fe — As Donald Trump and his allies try to jam their reconciliation bill through the Senate before Independence Day, New Mexico State Treasurer Laura M. Montoya, Washington Treasurer Mike Pellicciotti, and Maryland Comptroller Brooke Lierman are highlighting the catastrophic consequences of Republicans’ bill on American families. Speakers will discuss how these devastating cuts will worsen the country’s affordability crisis and raise taxes on working families to hand billionaires and big business new tax breaks while increasing the federal deficit. . .

Santa Fe — State financial leaders from across the country condemned theRepublican budget moving through the U.S. Senate, urging lawmakers to reject a bill that would leave millions of seniors, children, and veterans hungry in order to pay for tax breaks for billionaires. Speaking on a press call. . .

Santa Fe — On a press call hosted by Americans for Responsible Growth, New Mexico State Treasurer Laura M. Montoya will join state financial leaders from across the country to expose the catastrophic consequences of Republicans' reconciliation bill, which contains provisions to end free school lunch. . .

Santa Fe — The Council of Urban Professionals (CUP) has named The Honorable Laura M. Montoya, New Mexico State Treasurer, as the recipient of its 2025 Courageous Leadership Award in recognition of her principled decision-making and bold leadership in the face of adversity. CUP’s mission is “to inspire. . .

Santa Fe — The New Mexico State Treasurer’s Office is proud to announce its upcoming Financial Empowerment Summit, a free community event for all New Mexicans with an emphasis on assisting those impacted by devastating fires and natural disasters who have or will be receiving assistance from the Federal Emergency Management Agency (FEMA). . .

Santa Fe– In a recent opinion piece coauthored by State Treasurer Laura M. Montoya  and Maryland State Comptroller Brooke Lierman and published on U.S. News and  World Report, both off cials raised urgent concerns about the ongoing governance crisis at Tesla in light of CEO Elon Musk’s involvement in the Trump administration. . .

Santa Fe– This Memorial Day, as we honor the brave military personnel who made the ultimate sacrifice in service to our country, we also reflect on our ongoing responsibility to support service members who return home. Among them are countless veterans with disabilities who continually face challenges or veterans who years later, end up getting a disability. . .

Washington, D.C. —After House Republicans passed a secretive budget reconciliation bill in the dead of night, three state financial leaders joined Americans for Responsible (https://gcc02.safelinks.protection.outlook.com/?url=https://www.a4rg.org/home&data=05%7C02%7Cchristina.perea@sto.nm.gov%7Cb78308ddf25f487edfc008dd9cd31385%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638839152591613442%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ==%7C0%7C%7C%7C&sdata=vHX+mVb7q1+GuS7cjiIhjbVFx71AWRf6BJ7zvT4izRo=&reserved=0)Growth (https://gcc02.safelinks.protection.outlook.com/?url=https://www.a4rg.org/home&data=05%7C02%7Cchristina.perea@sto.nm.gov%7Cb78308ddf25f487edfc008dd9cd31385%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638839152591613442%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ==%7C0%7C%7C%7C&sdata=vHX+mVb7q1+GuS7cjiIhjbVFx71AWRf6BJ7zvT4izRo=&reserved=0)to sound the alarm on the devastating impact the GOP’s cuts would have on families across the country. Leaders warned that the proposal would strip millions of Americans of essential services—including food assistance and health care—jeopardize the long-term health ofstate economies, and deepen the affordability crisis already straining working families. . .

Santa Fe – New Mexico State Treasurer Laura M. Montoya has been appointed to the National Association of State Treasurers (NAST) Banking and Cash Management Committee and Policy and Advocacy Committee, bringing New Mexico and the State Treasurer’s Office to the forefront of national fiscal policy and advocacy efforts. This appointment highlights Treasurer Montoya’s financial expertise at the national level and underscores her growing influence in national fiscal policy discussions.
NAST is a highly regarded bipartisan organization that supports state treasurers through education, advocacy, and collaboration. The NAST Bank Committee serves as a critical platform for state treasurers from across the nation to advise on national standards, policies, and best practices that impact banking services and help states manage billions of dollars in public funds.

Treasurer Montoya has been reappointed for a second term to the NAST Policy and Advocacy Committee. This committee plays a key role in guiding national policy initiatives that affect state finances. Montoya’s reappointment highlights her ongoing commitment to advocating for policies that strengthen state treasuries and promote fiscal responsibility on both the state and national levels.
“My appointment to the NAST Bank Committee and reappointment to the Policy and Advocacy Committee are both an honor and a responsibility,” stated Treasurer Montoya. “Continuing my service with NAST provides an opportunity to ensure that New Mexico’s voice is placed at the forefront when shaping innovative banking solutions and transformative policy initiatives that will benefit New Mexico and the entire nation.”

Treasurer Montoya’s appointments are critical as states navigate evolving financial challenges resulting in inflation, increasing interest rates, and market volatility. Treasurer Montoya will contribute to shaping national strategies and policy frameworks while
bringing valuable insights back to New Mexico, enhancing the state’s fiscal processes and
bolstering our economic resilience.

###

Laura M. Montoya became New Mexico’s first female State Treasurer on January 1, 2023, and the nation’s first elected Latina State Treasurer, bringing the office over two decades of experience in banking, investments, and public policy. Under Treasurer Montoya’s direction, the office manages the state’s :17 billion investment portfolio. The Treasurer serves on 13 boards, councils, and commissions with fiduciary responsibility for state funds exceeding :150 billion.

Earlier today, after President Donald Trump's 100th day in office, State Treasurer Laura M. Montoya joined Americans for Responsible Growth (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.a4rg.org%2F&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7C5fba5aada33a4605343d08dd883600f2%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638816487734966867%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=lLAJj5npm%2FDtps8sja8nTxhr%2BDLiIPwYnwP7WeSgqVE%3D&reserved=0)and four other state financial leaders on a press call (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdrive.google.com%2Ffile%2Fd%2F1TKksForngvZJP2AcsKk-uGmY7Vd3HtKW%2Fview&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7C5fba5aada33a4605343d08dd883600f2%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638816487734979552%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=k2qPKO3A%2FVrQToJ%2FH4%2FrMiwwKd6vKvdflc9NVQClocY%3D&reserved=0)to demand that Congress intervene to reclaim its constitutional authority over trade, fiscal policy, and monetary oversight to protect Americans from Trump’s disastrous economic policies. The call (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdrive.google.com%2Ffile%2Fd%2F1TKksForngvZJP2AcsKk-uGmY7Vd3HtKW%2Fview&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7C5fba5aada33a4605343d08dd883600f2%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638816487734991928%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=jdkW8zKQqHUYpC3efWgc916utwpDS%2BvbWgEtaAQGgjY%3D&reserved=0)comes after ten elected financial leaders from states across the country penned an open letter to Congress (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.a4rg.org%2Four-voice%2F2025-04-30-letter-to-speaker-johnson-and-leader-thune&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7C5fba5aada33a4605343d08dd883600f2%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638816487735004320%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=IKIJHvsm4%2Fc8fNuwTfArbfmyxQD7HapZXAkXn4isML0%3D&reserved=0)calling for immediate action to address what they describe as a looming economic crisis threatening state economies nationwide as a result of the Trump administration’s trade and economic policies. . .

Yesterday, State Treasurer Laura M. Montoya, as part of a group of seven state treasurers and one state controller representing major U.S. state economies, challenged Tesla's board leadership, demanding urgent and decisive action to address the worsening turmoil aff cting America’s workers, hurting regional economies, and undermining energy innovation. The treasurers and controller emphasize that Tesla’s board must step up now to safeguard the company’s future and protect the millions of American workers and local economies that depend on its success. . .

Santa Fe – Happy Financial Literacy Month! The New Mexico State Treasurer’s Office is committed to promoting financial fitness, which is crucial for the economic well-being of our New Mexico communities. We will be joined by JP Morgan Chase for the latest in our series of free, live virtual workshops designed to empower individuals and families with the knowledge and tools they need to take control of their financial futures.
These webinars teach vital information about how to set goals, create a budget, save money, and understand and build credit. Financial experts from JPMorgan Chase will break down essential money topics in a simple, relatable way and answer questions from the public. With hundreds of New Mexicans who registered for our first two sessions, it’s evident that New Mexicans are eager to improve their financial fitness!

“When people understand how to manage their money, they gain more than just financial stability—they gain freedom, confidence, and the ability to make sound financial decisions,” remarked State Treasurer Laura M. Montoya. “These workshops are a valuable opportunity for New Mexicans to make informed decisions, plan for the future, and build generational wealth. Financial education should be accessible to everyone."
To register for any or all the webinars, please click on the registration links below:
The State of New Mexico Financial Literacy Month: Chase Money Skills Understanding and Building Credit Workshop #1
Date: April 23, 2025
Time: 12:00pm-1:30pm
RSVP: https://jpmc.eventscloud.com/300062554(https://jpmc.eventscloud.com/300062554)
The State of New Mexico Financial Literacy Month: Chase Money Skills Understanding and Building Credit Workshop #2
Date: April 23, 2025
Time: 6:00pm-7:30pm
RSVP: https://jpmc.eventscloud.com/300062553
(https://jpmc.eventscloud.com/300062553)
We welcome the opportunity to collaborate with diverse banking partners, not only in support of financial fitness initiatives, but also on a year-round basis across a broad range of strategic efforts. We look forward to bringing more opportunities for New Mexicans to learn how to achieve their financial goals!

###
Laura M. Montoya became New Mexico’s first female State Treasurer on January 1, 2023, and the nation’s first elected Latina State Treasurer, bringing the office over two decades of experience in banking, investments, and public policy. Under Treasurer Montoya’s direction, the office manages the state’s :17 billion investment portfolio. The Treasurer serves on 13 boards, councils, and commissions with fiduciary responsibility for state funds exceeding :150 billion.

Santa Fe – This morning, New Mexico State Treasurer Laura M. Montoya joined Colorado State Treasurer David L. Young, Minnesota State Auditor Julie Blaha, Illinois State Treasurer Michael W. Frerichs, California State Treasurer Fiona Ma, CPA, and Washington State Treasurer Mike Pellicciotti for a press call (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fyoutu.be%2F_uD2lSEpsoA&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7Ca5664656c087401659d808dd7d210291%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638804302954858893%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=rwllUgm8Ke4HgzmdADFN%2Bw6Wgt5JoU%2F9eY0oIeQDTWE%3D&reserved=0)warning of the serious threats President Trump’s universal tariffs and deportation agenda pose to New Mexico’s agricultural industry and rural communities.
During the call,(https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fyoutu.be%2F_uD2lSEpsoA&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7Ca5664656c087401659d808dd7d210291%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638804302954882411%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=RDzx2lyasrI7l5SI1Ne6inCYCOvZW%2FEv3JihQWZifM0%3D&reserved=0) Treasurer Montoya highlighted New Mexico’s reliance on trade with Mexico
— the United States’ largest agricultural trade partner — as well as the critical role immigrant labor plays in keeping small to medium-sized and family-owned farms and ranches operating effectively. Farmers and ranchers across New Mexico and the nation could face financial ruin as Trump’s sweeping tariff hikes and deportation campaign exacerbate operational costs, shrink the agricultural workforce, and trigger retaliatory tariffs on American agricultural exports.
With over 60% of New Mexicans living in rural areas and 61% of U.S. farmers classified as non-citizen immigrants, Trump administration policies could have long-lasting, devastating consequences for New Mexico farms and ranches, food production, and the state’s economy.
State Treasurer Laura M. Montoya:

“For me and so many New Mexicans, this is more than a political issue – it is a matter of basic humanity. Our farm workers work long, backbreaking hours under the scorching sun or in freezing cold temperatures to support their families, feed this nation, pay taxes, and be productive members of our society.”
“Our immigration system is already broken, leaving so many navigating a legal maze designed more to gatekeep American opportunity than provide it — and the American agriculture industry is paying the price.”
“Trump’s tariffs are driving up costs for farmers, devastating small and medium-sized farms and ranches in an environment where worsening climate conditions and competition from large corporate farms are already pushing them to the edge of financial collapse.”

“None of us can afford another round of Trump’s failed trade wars, and our country can’t afford to treat our agricultural industry as collateral damage.”
WATCH: Full Press Call(https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fyoutu.be%2F_uD2lSEpsoA&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7Ca5664656c087401659d808dd7d210291%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638804302954896705%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=D%2FlLv0TClKgCePAEhy9DM6WXM5nCtVCNKHuQN%2FTuz%2B8%3D&reserved=0)
Treasurer Montoya Timestamp: 12:33 (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fyoutu.be%2F_uD2lSEpsoA%3Fsi%3DrukDeZntY-BdaEqM%26t%3D753&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7Ca5664656c087401659d808dd7d210291%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638804302954914391%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=E0VkUPH2O1JrVkWydfN4g6iKPsAOOS6GV5fyMqIHPRI%3D&reserved=0)– 16:44

###

Laura M. Montoya became New Mexico’s first female State Treasurer on January 1, 2023, and the nation’s first elected Latina State Treasurer, bringing the office over two decades of experience in banking, investments, and public policy. Under Treasurer Montoya’s direction, the office manages the state’s :17 billion investment portfolio. The Treasurer serves on 13 boards, councils, and commissions with fiduciary responsibility for state funds exceeding :150 billion.

Santa Fe – Happy Financial Literacy Month! The New Mexico State Treasurer’s Office is committed to promoting financial fitness, which is crucial for the economic well-being of our New Mexico communities. We invited JP Morgan Chase to provide New Mexicans a series of free, live virtual workshops designed to empower individuals and families with the knowledge and tools they need to take control of their financial futures.
These webinars will teach vital information about how to build better financial habits, boost credit, and teach children smart money skills early on. Join financial experts from JP Morgan Chase as they break down these essential money topics in a simple, relatable way. . .

Santa Fe – Happy Financial Literacy Month! The New Mexico State Treasurer’s Office is committed to promoting financial fitness, which is crucial for the economic well-being of our New Mexico communities. We invited JP Morgan Chase to provide New Mexicans a series of free, live virtual workshops designed to empower individuals and families with the knowledge and tools they need to take control of their financial futures.
These webinars will teach vital information about how to build better financial habits, boost credit, and teach children smart money skills early on. Join financial experts from JP Morgan Chase as they break down these essential money topics in a simple, relatable way. . .

President Trump’s tariffs have wiped out trillions of dollars (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.reuters.com%2Fmarkets%2Fglobal-markets-trading-day-2025-04-04%2F&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7Cb39be3df6bf64c9dd26e08dd791155d7%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638799837608571937%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=RPImVSdCVFaWwU8N0Zq4%2BF8%2BkrM2CyQF0k6hNH%2FvHBw%3D&reserved=0)from Americans’ savings, as retirees consider reentering the workforce
Santa Fe – On yesterday’s press call, State Treasurer Laura M. Montoya was joined by State Treasurers Michael W. Frerichs (D-IL), Mike Pellicciotti (D-WA), Mike Pieciak (D-VT), and Erick Russell (D-CT) to sound the alarm on the devastating consequences resulting from President Donald Trump’s universal tariff increases, which has already wiped out trillions of dollars from Americans’ retirement accounts and savings while Trump and his wealthy friends profit. . .

Santa Fe – In case you missed it, New Mexico State Treasurer Laura M. Montoya has been recognized as a Power100 ‘Icon’ for her tireless efforts to improve and advance the financial industry. The Power100 initiative ‘was created to shine a spotlight on individuals, asset management firms, investors, and non-profit organizations driving performance, impacting the industry, and contributing to narrowing societal gaps related to gender, ethnicity, wealth, health, education, and other areas important to improving the. . .

Santa Fe – This morning, New Mexico State Treasurer Laura M. Montoya joined Colorado State Treasurer David L. Young, Oregon State Treasurer Elizabeth Steiner, and Delaware State Treasurer Colleen C. Davis for a national press call (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdrive.google.com%2Ffile%2Fd%2F1kMf-IiYXG6Jxhk-tFfMZrngiWouuFPUD%2Fview%3Fpli%3D1&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7C94fa031fd8c8436a06be08dd6cbab7b7%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638786272488395998%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=Qo8LB08RnGrgNeO6IJcXIHoKTqTuAIWhHhYCfMoEwXU%3D&reserved=0)denouncing President Trump, Elon Musk, and House MAGA Republicans’ federal funding freeze.
If seen through, critical life-saving programs such as Medicaid would be at high risk of significant devastation, placing a disproportionate burden on local and state governments to offset the inevitable damage. New Mexico is the top recipient New Mexico is the nation’s largest recipient state for Medicaid assistance, with the federal government paying 72% of the cost of traditional Medicaid. Nearly 33% of New Mexicans rely on Medicaid or the Children’s Health Insurance Program (CHIP) to cover their health care. Addressing the ramifications of these budget cuts at the state-level will strain New Mexico’s economy and public resources, jeopardizing the stability and health of communities across the state.

State Treasurer Laura M. Montoya:

“This is yet another example of the complete disregard for Americans that characterizes Trump’s administration—including his unelected and unappointed sidekick Elon Musk— and the MAGA Congressional Republicans pushing this policy in Congress.”

“The irony of making cuts to Medicaid is that the very lawmakers elected to serve Americans’ best interest are the ones who grant themselves access to top-tier, comprehensive health coverage most Americans can only dream of.”
“I am calling on President Trump and Congressional Republicans: STOP threatening to dismantle this country. STOP undermining vital programs like Medicaid. STOP freezing
funding that American families and communities rely on. STOP creating fear and chaos and start doing your job and prioritize the well-being and stability of our nation.”


A recording of this press conference can be accessed here.(https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdrive.google.com%2Ffile%2Fd%2F1kMf-IiYXG6Jxhk-tFfMZrngiWouuFPUD%2Fview%3Fpli%3D1&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7C94fa031fd8c8436a06be08dd6cbab7b7%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638786272488415848%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=8pLEwMKyzUcRjY1%2BG8r2OtnolVUsr9%2BQtoaJoR69KeQ%3D&reserved=0)
Treasurer Montoya’s statement timestamp: 7:25 – 14:35

Laura M. Montoya became New Mexico’s first female State Treasurer on January 1, 2023, and the nation’s first elected Latina State Treasurer, bringing the office over two decades of experience in banking, investments, and public policy. Under Treasurer Montoya’s direction, the office manages the state’s :17 billion investment portfolio. The Treasurer serves on 13 boards, councils, and commissions with fiduciary responsibility for state funds exceeding :150 billion.

Santa Fe – New Mexico State Treasurer Laura M. Montoya earns prestigious honor with a Power100 Award in recognition of her tireless efforts to improve and advance the financial industry. The Power100 initiative ‘was created to shine a spotlight on individuals, asset management firms, investors, and non-profit organizations driving performance, impacting the industry, and contributing to narrowing societal gaps related to gender, ethnicity, wealth, health, education, and other areas important to improving the world.’
The Power100 selection process involves extensive research and nominations. Organizers consult with over 300 general partners, limited partners, industry peers, conference organizers, trade organizations, and consultants. They also attend over 35 industry events annually to identify potential candidates. . .

Washington, D.C. – New Mexico State Treasurer Laura M. Montoya was joined by Illinois State Treasurer Michael Frerichs, Washington State Treasurer Mike Pellicciotti, Connecticut State Treasurer Erick Russell, and Vermont State Treasurer Mike Pieciak for a press conference (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DI9fydQ7cnw4&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7Cac3488aec5f24f4ec5fb08dd61aaa7ff%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638774108019661857%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=2Af%2BpZTaYi%2FQPGrw8HWneaPxZfYeyIQtp17avV6IwVI%3D&reserved=0)in Washington, D.C. to condemn House Republicans’ budget calling for
$880 billion in drastic spending cuts over the next 10 years, which would likely be
impossible to achieve without devastating Medicaid or Medicare.(https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.washingtonpost.com%2Fbusiness%2F2025%2F03%2F05%2Fgop-budget-medicaid-cuts%2F&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7Cac3488aec5f24f4ec5fb08dd61aaa7ff%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638774108019681157%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=eQRbqMcrlr4A4LZzaIo1TbdaeFgbSLjrZxLTARawx5I%3D&reserved=0).(https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.washingtonpost.com%2Fbusiness%2F2025%2F03%2F05%2Fgop-budget-medicaid-cuts%2F&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7Cac3488aec5f24f4ec5fb08dd61aaa7ff%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638774108019681157%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=eQRbqMcrlr4A4LZzaIo1TbdaeFgbSLjrZxLTARawx5I%3D&reserved=0) . .

Washington, D.C. – New Mexico State Treasurer Laura M. Montoya was joined by Illinois State Treasurer Michael Frerichs, Washington State Treasurer Mike Pellicciotti, Connecticut State Treasurer Erick Russell, and Vermont State Treasurer Mike Pieciak for a press conference (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DI9fydQ7cnw4&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7Cac3488aec5f24f4ec5fb08dd61aaa7ff%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638774108019661857%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=2Af%2BpZTaYi%2FQPGrw8HWneaPxZfYeyIQtp17avV6IwVI%3D&reserved=0)in Washington, D.C. to condemn House Republicans’ budget calling for
$880 billion in drastic spending cuts over the next 10 years, which would likely be
impossible to achieve without devastating Medicaid or Medicare.(https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.washingtonpost.com%2Fbusiness%2F2025%2F03%2F05%2Fgop-budget-medicaid-cuts%2F&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7Cac3488aec5f24f4ec5fb08dd61aaa7ff%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638774108019681157%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=eQRbqMcrlr4A4LZzaIo1TbdaeFgbSLjrZxLTARawx5I%3D&reserved=0).(https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.washingtonpost.com%2Fbusiness%2F2025%2F03%2F05%2Fgop-budget-medicaid-cuts%2F&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7Cac3488aec5f24f4ec5fb08dd61aaa7ff%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638774108019681157%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=eQRbqMcrlr4A4LZzaIo1TbdaeFgbSLjrZxLTARawx5I%3D&reserved=0) . .

Earlier today, in partnership with Americans for Responsible Growth, New Mexico State Treasurer Laura M. Montoya, alongside Illinois State Treasurer Michael W. Frerichs, Connecticut State Treasurer Erick Russell, and Massachusetts State Treasurer and Receiver General Deborah B. Goldberg, called on (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fzpstrategies.us21.list-manage.com%2Ftrack%2Fclick%3Fu%3Dabfa3589981adf5348ff20f1c%26id%3D31889ae340%26e%3D9380deaefc&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7C8329ecf44b2140407b5b08dd5788891a%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638762966400876529%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=ktzMdVrogkdFcfDcE8yBhiTzA1yBzkNER8a20aQ5BjY%3D&reserved=0)members of Congress to oppose Speaker Mike Johnson and House Republicans’ reckless budget bill, which would slash Medicaid and other vital federal programs that millions of children, working families, veterans, and small businesses families rely on.

After the House Republicans’ budget bill passed late Tuesday, the state treasurers joined (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fzpstrategies.us21.list-manage.com%2Ftrack%2Fclick%3Fu%3Dabfa3589981adf5348ff20f1c%26id%3Dd4857c3d3e%26e%3D9380deaefc&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7C8329ecf44b2140407b5b08dd5788891a%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638762966400900107%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=hotGZeFn3fM%2F0Z1PQhBusQICdVRCBTpAuVzy7MSHWfg%3D&reserved=0)the call (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fzpstrategies.us21.list-manage.com%2Ftrack%2Fclick%3Fu%3Dabfa3589981adf5348ff20f1c%26id%3Dd4857c3d3e%26e%3D9380deaefc&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7C8329ecf44b2140407b5b08dd5788891a%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638762966400900107%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=hotGZeFn3fM%2F0Z1PQhBusQICdVRCBTpAuVzy7MSHWfg%3D&reserved=0)to outline how gutting Medicaid and other programs would strain state resources and threaten the health and safety of the country’s most vulnerable communities.
Speakers urged lawmakers in both chambers to protect the economic security of families, workers, and states, as the budget bill moves through Congress.
New Mexico State Treasurer Laura M. Montoya:
• “Speaker Mike Johnson’s and the House GOP’s recently passed budget, which includes cutting Medicaid by $880 billion over the next 10 years, will have disastrous consequences for the vulnerable New Mexicans and Americans across the country who rely on Medicaid for critical medical coverage.”

• “When people do not know if they can afford basic medical coverage or necessities, they hold back on spending, stifling economic growth and deepening financial uncertainty, stress, and fear.”
• “When the federal government slashes funding, hospitals, doctors, offices and clinics that depend on these funds will be forced to either raise premiums and co-pays for patients or shut down altogether.”
• “When I talk about Medicaid or the detrimental effects of speaker Johnson's plan to cut critical federal benefits, I'm not talking about just a government program—I'm talking about the choice between life and death forced upon hard working people that cannot afford the right to health care under our current system, let alone a system that will be inaccessible and fiscally unsustainable by design.”
WATCH THE FULL PRESS (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fzpstrategies.us21.list-manage.com%2Ftrack%2Fclick%3Fu%3Dabfa3589981adf5348ff20f1c%26id%3D053c1b4e4c%26e%3D9380deaefc&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7C8329ecf44b2140407b5b08dd5788891a%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638762966400912035%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=DOqEXgJfwpk5H3m0rXcHOeETpc7j%2Boznvm1zvPhtwJ4%3D&reserved=0)AVAILABILITY HERE(https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fzpstrategies.us21.list-manage.com%2Ftrack%2Fclick%3Fu%3Dabfa3589981adf5348ff20f1c%26id%3D053c1b4e4c%26e%3D9380deaefc&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7C8329ecf44b2140407b5b08dd5788891a%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638762966400912035%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=DOqEXgJfwpk5H3m0rXcHOeETpc7j%2Boznvm1zvPhtwJ4%3D&reserved=0)


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Santa Fe – Love is in the air this Valentine’s Day! The State Treasurer’s Office is filled with enthusiasm as State Senators Antonio “Moe” Maestas (District 26) and Leo Jaramillo (District 5) introduce the groundbreaking “Next Generation Act” (Senate Bill 397), marking a pivotal step in fulfilling our promise of Baby Bonds for the children of New Mexico. This bill was crafted after nearly a year of thoughtful collaboration, statewide conversation, national outreach, and hard work among our coalition. SB 397 represents our unwavering commitment to bridging the wealth divide in New Mexico and strengthening our economy. . .

Santa Fe – New Mexico State Treasurer Laura M. Montoya, alongside California State Treasurer Fiona Ma, CPA, Colorado State Treasurer Dave Young, and County Treasurer Sarah Benatar (Coconino County, Arizona), issued strong responses to President Donald Trump’s threats to increase tariffs on Mexico by 25% in a media advisory call (https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdrive.google.com%2Ffile%2Fd%2F1UG6aSK1N8-Qv1NpTlWoidszSKnEhFpBc%2Fview&data=05%7C02%7Cchristina.perea%40sto.nm.gov%7C07ecb736047d45348a1b08dd4c897b07%7C04aa6bf4d436426fbfa404b7a70e60ff%7C0%7C0%7C638750875714374776%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=MDq7aBtZNGKBnEvlCe%2F%2FiVhmWvmx%2FyF5cQTjVkqCyw4%3D&reserved=0)earlier today.
After announcing the tariff increase, President Trump suspended his plan citing pledges from Mexico to boost border security and stop the flow of illegal substances. This week, however, Trump said that Mexico’s actions to avert his high tariffs were “not good enough,” leading to uncertainty about the pause. . .