With oil prices plunging to their lowest level in 22 years, state legislators are projecting an imminent budget crisis that's likely to force the New Mexico Legislature into special session.
Sen. John Arthur Smith, chairman of the Legislative Finance Committee, said the state could be facing a $1 billion loss in oil- and gas-related revenue if the crisis continues through this year and into 2021.
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US 02 Apr 2020
Farmington NM US 30 Mar 2020