A New Day at IPANM

Oil & Gas Pushes New Mexico to Record Revenue Levels

ABQ Journal — For the second straight year, New Mexico lawmakers will likely have a mountain of money available for spending on public schools, roads, health care and other programs.

The state will have an estimated $907 million in “new” money available in the coming budget year due primarily to unprecedented oil production levels and related economic growth in southeast New Mexico, according to new revenue figures released Wednesday by legislative and executive economists.

NM Revenue Levels Booming to All-Time High