Public schools, highways, and healthcare in New Mexico can expect to see more funding in 2020, thanks to the oil and gas industry. A new report by the New Mexico Tax Research Institute reveals that the oil and natural gas industry contributed more than $3.1 billion in tax revenue for fiscal year 2019 — a dramatic increase of $910 million from 2018. Now, oil and natural gas represent 39 percent of New Mexico’s General Fund revenues, the highest share of all industries in recent history.

https://www.energyindepth.org/oil-industry-sets-new-record-with-3-1-billion-in-revenue-for-2019-new-mexico-budget/

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