MEMBERS OF THE NEW MEXICO LEGISLATIVE FINANCE COMMITTEE MEET WEDNESDAY TO REVIEW STATE REVENUE. STATE COFFERS HAVE CONSISTENTLY TAKEN A HIT FROM THE SLUMP IN THE OIL AND GAS MARKET. IT COULD MEAN REVISING STATE BUDGETS FOR THIS FISCAL YEAR.
GOVERNOR MARTINEZ PLANS TO CALL A SPECIAL LEGISLATIVE SESSION … POSSIBLY NEXT MONTH. SHE’S ALSO DIRECTED STATE AGENCIES TO CUT SPENDING BY 5 PERCENT. BUT MARTINEZ SAYS SHE WILL NOT IMPOSE ANY TAX HIKES TO ADDRESS THE STATE’S BUDGET PROBLEMS.
