SANTA FE, N.M. New Mexico lawmakers have introduced House Memorial 59 (HM59) for the 2026 regular session. The measure asks the Children, Youth, and Families Department (CYFD) to examine what a fair payment for foster parents would be, including whether payments should increase as prices rise.
Some news stories and bill trackers mention “more students in financial literacy classes” for HM59. However, LegiScan’s records show this topic was linked to an HM59 from 2016, not the 2026 HM59.
Key facts
- What it does: The memorial asks CYFD to examine what fair pay for foster parents should be, including whether the cost of living should be factored in.
- Where it is now: The bill was sent to the House Health & Human Services Committee (HHHC) and later got a “Do Pass” recommendation, according to LegiScan’s records.
- Deadline: CYFD must share its findings and recommendations with the Legislative Health and Human Services Committee by Nov. 30, 2026.
- What it isn’t: A memorial does not create enforceable law or include an appropriation, according to the Legislature’s fiscal summary.
What the memorial says in its own words
The introduced text presents the request as a response to the important role foster families play and the costs they may face. The memorial begins by “REQUESTING THE CHILDREN, YOUTH AND FAMILIES DEPARTMENT TO CONDUCT A STUDY TO DETERMINE FAIR COMPENSATION FOR FOSTER PARENTS.”
Why it matters financially
The measure is not a spending bill, but it raises a common budget question: Do current payments cover what foster families have to pay, and how could changes, such as higher living costs, affect CYFD planning if lawmakers later consider changing laws or the budget?
The naming confusion: HM59 does not refer to a single topic
LegiScan’s historical list shows that the same bill number (HM59) can refer to different memorials in different sessions. For example, a 2016 HM59 was titled “More Students In Financial Literacy Classes,” while the 2026 HM59 focuses on foster parent compensation.