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.


Please enter your comment!
Please enter your name here

− 5 = 2