It was due to be released Wednesday but New Mexico lawmakers won’t get a look at the updated state budget report until Thursday morning. Legislators, however, on Wednesday started discussing the budget and how to shore up a major budget deficit.
Senate Finance Committee Chairman John Arthur Smith has warned his committee members that they should expect a $250 million to $300 million budget gap for the next fiscal year.
Senate Finance Committee member Bill Burt tells KOB-TV that they’re asking all state agencies to base their budget needs on their basic, primary needs.
