2020 Special Session Budget Summary
Fact Sheet The New Mexico Legislature was called into a special session on June 18 in order to address revenue shortfalls in the state budget due to the COVID-19 pandemic, economic downturn, and the global drop in oil prices. Although Congress had passed legislation to help the states, New Mexico still had to trim the budget lawmakers had passed in January 2020 by $580 million. This fact sheet shows what got cut and by how much.