New Mexico Lawmakers to Start Special Session
POSTED: Tuesday, February 23, 2010 - 1:47pm
UPDATED: Tuesday, February 23, 2010 - 1:50pm
Budget Woes at Heart of Session
Santa Fe, NM - - (AP) - Lawmakers are scheduled back at the New Mexico Capitol on Wednesday for a special session to finish working out a plan for financing public schools and state government in the coming year.
But some lawmakers say it's a mistake to rush budget negotiations before getting updated revenue forecasts from state finance officials.
Democrat Sen. John Arthur Smith of Deming says he believes New Mexico's revenue growth will be half of the projected 6% that lawmakers assumed when hammering out a failed budget proposal during the regular session.
Smith - who heads the committee that handles the budget - and other lawmakers are urging Gov. Bill Richardson to push back the special session.
Otherwise, another session may be necessary in the fall to plug a shortfall if revenues are less than expected.