Current:Home > FinanceRepublican New Mexico Senate leader won’t seek reelection -FinTechWorld
Republican New Mexico Senate leader won’t seek reelection
View
Date:2025-04-19 07:31:35
SANTA FE, N.M. (AP) — The top-ranked Republican in the New Mexico Senate won’t seek reelection this year as his party reckons with the first election since a redistricting plan from Democrats merged two GOP-led districts.
Senate Republican leader Greg Baca of Belen said his decision to leave the Senate by year’s end was informed by conversations with his family, prayer and attention to new political boundaries adopted by the Democrat-led Legislature in 2021.
“Careful observers of the progressive plan to pit two Hispanic Republicans against each other through redistricting may have seen this coming,” said Baca in a statement, while endorsing Republican state Sen. Josh Sanchez in the merged district. “In short, I refuse to allow the radical left to pit brother against brother.”
State legislative candidates raced against a Tuesday-evening deadline to submit signature petitions that can qualify them for the state’s June 4 primary and November general election.
Democrats outnumber Republicans nearly 2-1 in the state Senate, amid a wave of retirement announcements that could tilt the partisan balance next year. The entire Legislature is up for election in November.
In drawing new Senate districts, the Legislature embraced recommendations from Native American communities for shoring up Indigenous voting blocs in the northwest of the state. But Republicans at the same time bristled at provisions that merged two Republican-held districts.
The Legislature’s annual session adjourned in mid-February with approval of several public safety initiatives and an annual budget plan that slows down a spending spree linked to an oil production bonanza in the Permian Basin that overlaps southeastern New Mexico and portions of Texas.
Separately on Tuesday, four state House Republican legislators from southeastern New Mexico and Farmington urged the state land commissioner to reverse course on her decision to withhold some lease sales for oil and gas development until the Legislature agrees to raise royalty rates in premium tracts from 20% to 25%.
A letter to Land Commissioner Stephanie Garcia Richard warns of possible unintended consequences including job losses and reduced government income if petroleum producers redirect investments from New Mexico to other oil fields. It was signed by Republican state Reps. Jim Townsend of Artesia, Larry Scott of Hobbs, Rod Montoya of Farmington and Jared Hembree of Roswell.
State Land Commissioner Stephanie Garcia Richard said the state will forgo a trove of income and investment returns over the lifetime of future leases if royalties stay capped at 20%. In New Mexico, royalty payments from oil and gas development on state trust land are deposited in a multibillion-dollar investment trust that benefits public schools, universities and hospitals.
The accountability and budget office of the Legislature says a 25% royalty rate cap would increase annual revenues by $50 million to $75 million.
veryGood! (6848)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Elevate Your Spring Wardrobe For Less With These Can't-Miss Fashion Deals From Amazon's Big Spring Sale
- Water beads pose huge safety risk for kids, CPSC says, after 7,000 ER injuries reported
- Russia attacks Ukraine's capital with missiles after Putin's threat to respond in kind to strikes in Russia
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- MLB launches investigation into Shohei Ohtani interpreter Ippei Mizuhara following gambling reports
- No. 13 seed Yale stuns SEC tournament champion Auburn in another March Madness upset
- 'Peaky Blinders' creator says Cillian Murphy will reprise role in movie: 'He's brilliant'
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Virginia police identify 5 killed in small private jet crash near rural airport
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Midwest commuters face heavy snow starting Friday as New England braces for winter storm
- Caitlin Clark has fan in country superstar Tim McGraw, who wore 22 jersey for Iowa concert
- House passes $1.2 trillion spending package hours before shutdown deadline, sending it to Senate
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Polyamory is attracting more and more practitioners. Why? | The Excerpt
- Michael Jackson's son Bigi slams grandmother Katherine over funds from dad's estate
- Virginia police identify 5 killed in small private jet crash near rural airport
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Colorado stuns Florida in 102-100 thriller in NCAA Tournament first round
California work safety board approves indoor heat rules, but another state agency raises objections
Women’s March Madness live updates: Iowa State makes historic comeback, bracket, highlights
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Deaths of dog walker, 83, and resident of a remote cabin possibly tied to escaped Idaho inmate
House passes $1.2 trillion spending package hours before shutdown deadline, sending it to Senate
Men's March Madness live updates: JMU upsets Wisconsin; TCU-Utah State battling