You get labeled politically that you just want tax increases, but I just want reliable revenues. This roller coaster thing is not a lot of fun.

December 21, 2017

New Mexico state Sen. John Arthur Smith, a Democrat, who is concerned about the part of the GOP tax bill that will cost Western states nearly $1.3 billion in oil, gas and coal royalties. The volatility of the oil market has caused major budget problems in New Mexico and several other states.

Source: Stateline