Governor, lawmakers eye reserves, cuts to fill nearly $2.4B budget hole

ALBUQUERQUE, N.M. (KRQE) – New Mexico lawmakers and Governor Michelle Lujan Grisham are preparing to a more than $2 billion budget hole as lawmakers are expected to meet for a special legislative session next week. While much of what to keep and what to cut is still being hashed out, it’s now expected that the state will lean heavily on reserves to fill the shortfall.