—John Arthur Smith gave a very pessimistic overview of the budget Friday morning. And, of course, someone brought up marijuana as a potential revenue source for New Mexico. The conservative Democrat from Deming was, shall we say skeptical. “I think there’s some real questions about how legit that revenue stream is for Colorado,” Smith said. He went on to add that “there’s no brilliant idea out there right now” to fix everything.
A deal on a capital outlay measure and a tax package bill could revive a previously dead special legislative session next week. Update: A special session will happen, as soon as Monday, Gov. Susana Martinez announced. See here for details. This post continues as originally written below. State Sen. John Arthur Smith, D-Deming, told New Mexico Political Report that legislators have been notified to set next Monday and Tuesday aside to be available for a possible session.
Although “hope springs eternal,” state Sen. John Arthur Smith isn’t optimistic a special session will happen this year. “As of noon today, we’ve gotten no feedback from the executive branch,” Smith, D-Deming, and a key negotiator to any deal that would bring legislators back to Santa Fe to pass a capital outlay bill, told New Mexico Political Report Wednesday afternoon. Smith said if legislators can’t strike a deal before a creeping deadline of Monday, May 18, all bets are pretty much off. That’s because New Mexico’s next fiscal year starts July 1, and bond sales for state infrastructure projects need 30 days to advertise before then. If the legislature approves a new capital outlay late, Smith said the state will lose bond capacity on new projects outlined in a deal.