SANTA FE, N.M. (AP) — New Mexico's grinding budget crisis is taking a toll in courtrooms where overburdened attorneys have denied legal counsel to poor defendants, at museums reeling from layoffs and admission hikes, and at state universities and colleges grappling with steep spending cuts. A prolonged downturn in oil and natural gas markets continued to ripple through New Mexico's economy over the summer and into the fall, undermining state tax revenues. Employers across the state have shed thousands of jobs since October 2015, as more than a third of New Mexico's oil rigs shut down. Fossil fuel prices are squeezing budgets in several states that rely heavily on severance taxes, such as Alaska, North Dakota, Wyoming and Oklahoma — even as OPEC nations consider cutting production to boost prices. "They've had cuts, significant cuts," said John Hicks, executive director of the National Association of State Budget Officers.Read more on NewsOK.com
New Mexico Budget Crisis Rears Its Head In Courts, Colleges
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Sun, 12/04/2016 - 11:46am
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