State officials are likely getting back to work on a plan on how to dig New Mexico out of a $12.5 billion pension shortfall.
This after a national credit rating agency downgraded the state's bond rating, which affects the state's ability to pay debts and borrow money to pay for projects.
Officials say this reduced bond rating has put the state on high alert and now many believe it needs to be addressed right away.
But they say it's going to take some action from the state legislature to do so.
"Both the leadership and the boards of PERA and ERB, they've kind of been sitting on the sidelines in recent years. But again, the bond rating downgrade really got their attention. It got the legislature's attention. It can't be just put off to another day. This can't be kicked down the road. It needs to be addressed by the 2019 legislature," said David Abbey, Director of Legislative Finance Committee.