New Mexico :: Newsletter and Updates

Newsletter and Updates

2016 New Mexico - Fall Magazine

Fall 2016

New Mexico is still struggling with the downturn in the economy caused mostly because of the price of gas and oil revenues. The State relies heavily on these revenues to run State government. As it stands right now, I don't believe it will change for the better. The State must fill a hole of $200 million for the budget year that ended June 30th and it faces a possible shortfall of $500 million for the budget year that began July 1st. Then there is the issue of replenishing the State's exhausted reserves. That could be another $300 million; all in all that's a billion dollars. Where in the world are they doing to come up with that kind of money - nobody knows. It is now a reality that the Governor will have to call a Special Session soon. She has stated that it should be very short and that Democrats and Republicans must have an agreement on what to do. That is a reasonable request and the right thing to do. Having a Special Session early in the election cycle is not a very popular thing to do with the Democrats trying to retake control of the House that they lost to the Republicans for the first time in 60 years. With the Democrats trying to keep control of the Senate, I would think they would want to get in and get out as quickly as possible. Read More...

2016 New Mexico - Summer Magazine

Summer 2016

The New Mexico economy is continuing to be on the downside in several counties such as San Juan and Lea, both of which depend on the oil and gas industries which have all but come to a halt, and not looking like there will be a rebound any time soon. The outlook is very bleak; San Juan County is dealing with an unemployment rate of over 15% and Lea County is dealing with an unemployment rate of about 14%. This puts a tremendous burden on the cities and counties to meet their budgets to cover government obligation to the citizens for services such as police and fire. All across the state, cities are looking at budget shortfalls. Santa Fe, for example, has a $15 million shortfall. Santa Fe has not raised taxes yet, but has cut all non-union salaries and has put into place mandatory days off without pay. Read More...

2016 New Mexico - Spring Magazine

Spring 2016

The New Mexico Legislature ended its 30 day session on February 18, 2016, at noon and here are some of the legislative measures that passed:

SJR 1, cosponsored by Senator Peter Wirth (D-Santa Fe) and Representative Moe Maestas (D-Bernalillo), proposes a constitutional amendment to be voted on at the November election. Supreme Court Justice Charles Daniels has been the prime mover behind this effort. The resolution contains two parts: Read More...

New Mexico Notes - November 2015

Nov 2015

New Mexico continues to languish in a very sluggish economy, and with the decline in the oil and gas industry (which accounts for 36% of the State's General Fund), I don't see any fast remedies. The price of oil is going between $43 and $45 a barrel, and unfortunately the 2015 Legislature used $53 a barrel when they passed the budget. For every dollar it drops the State loses $9,000,000, so as you can see that by the time the 2016 Legislature meets in January, the State will face a very serious deficit, and will be looking at some very serious budget costs. With the House controlled by the Republicans, the Senate controlled by the Democrats, and a Republican Governor, it will surely be a very contentious session. Read More...

2015 New Mexico - Fall Magazine

Fall 2015

New Mexico after five long years is now not in a severe draught situation and you can drive from North, South, East and West in New Mexico and it is green, what a relief and a very welcome site. The 2016 State elections are already heating up with Senators and Representatives all holding fund raisers. The Republicans in the House are determined to hold their majority that they gained for the first time in 60 years and the Democrats are determined to regain their majority that they held for 60 years. They have learned that being in the minority is not any fun. Read More...

2015 New Mexico - Summer Magazine

Summer 2015

New Mexico's economy continues to be less than ideal and with the decline of the price of oil, what small gains we saw are now showing signs of decline. The latest figures are that we are at about 7% unemployment rate. The State of New Mexico has become very dependent on Federal dollars and with government trying to deal with a trillion dollar debt, and having to reduce spending, this has had a very big impact on New Mexico. Read More...

2015 New Mexico - Spring Magazine

Spring 2015

The 2015 Legislative Session began on January 19th at noon and ended on March 21st at noon. The session started out making history. For the first time in 62 years, the Republicans have taken control of the House of Representatives and now have a 37-33 majority. This means a new Speaker of the House was elected, Rep. Don Tripp, and a new Majority Leader, Rep. Nate Gentry was also elected. Rep. Alonzo Baldonado was elected Majority Whip and Rep. Kelly Fajardo is now Caucus Chair. Read More...

2014 New Mexico - Winter Magazine

Winter 2014

The 2014 New Mexico Convention and Trade Show was held August 19th and 20th at the Marriott Pyramid in Albuquerque. (For color photographs of the golf event please go to page 28 of this magazine.) It was a very good convention. The convention attendance was the biggest we have had in the last five years. The convention started with a golf tournament at the Isleta Golf Club. We had 92 golfers signed up to play, which is also the most we have had in 5 years, and all were pleased with the course. It was in great condition and everyone had a good time. The winners of the tournament were the team of Leland Gould, Bill Fortner, and Brandon Drake. Read More...

New Mexico State Report - Success Through Change - Fall 2014

Fall 2014

The race for Governor of New Mexico is heating up, with Governor Martinez running some very negative ads about Gary King. So far he has not responded very forcefully, but he has pumped another $500,000 into the race; however, Martinez has over $4 million in her war chest and she will be using a large amount of that money to help Republican House members keep their seats and to try and unseat at least four Democrats. They would then take control of the House, which they have not done in 65 years. There is a very real chance that when it's all over, it could end up in a tie (35 - 35), and then it is going to be very interesting on who will end up in control, the Democrats or the Republicans. Read More...

New Mexico State Report - 2014 - Summer

June 2014

New Mexico is still in the worst drought in the last 50 years. The rivers and reservoirs are all drying up and we have not even started the planting season, when the farmers need the water to irrigate their crops. It is comical that the Government has asked that water be released from Cochiti Dam above Albuquerque so that the endangered silvery minnow can survive. Never mind what is going to happen to the farmers along the Rio Grande Valley, and how they are going to grow crops. Read More...

New Mexico State Report - 2014

April 2014

New Mexico, like many of our surrounding states, is still in a drought with the snowfall far below what it should be; this only means the spring runoff that our farmers and ranchers depend on to feed the rivers and streams will not be enough, and will mean another year of struggling to survive. With a very depressed economy in New Mexico, this does not point to a very bright future for our state. Read More...

2013 Holiday Greetings - New Mexico State Report

Dec 2013

New Mexico had its annual convention and trade show August 27 and 28 at the Marriott North Pyramid Hotel in Albuquerque. This was a very successful convention. All the vendor booths were sold out and we had to turn down vendors that wanted to come to the show. The convention started on the 27th with a golf tournament and I am happy to say there were more golfers than we have had in the last five years. Although the greens were in just terrible condition, everyone still had a great time. - Read More...

New Mexico Notes - May 2013

May 2013

The 2013 60-Day Legislative Session came to an end on March 16th at noon. This 60-day session, the Legislature set a record for the least amount of bills introduced as there were only 675 House Bills and 642 Senate Bills.

The list of bills that affect our industry:
There were 14 Bills that were introduced that would create new liquor licenses; this will continue to be a trend because of the lack of licenses and the prices exceeding $700,000 per license. Read More...

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Calendar of Events

Aug 21 - 23, 2017

NMPMA Convention & Trade Show
Sandia Resort & Casino
Albuquerque, NM