the impact of oil and natural gas on
new mexico's state budget
oil and natural gas contributes
$2.8 billion
to new mexico's state budget
general fund revenues attributed to oil and gas production throughout the years
FY20 Total Revenues $2.801 BILLION | 33.5%
total revenues
$2.8 billion
33.5%
tax
gross receipts tax
$341 million
11.6%
personal income tax
$166 million
9.8%
oil & gas school tax
$389.6 million
100%
compensating tax
$14.2 million
22.3%
corporate income tax
$8.2 million
13%
oil & gas conservation tax
$29.5 million
100%
natural gas processors tax
$14.8 million
100%
other
federal mineral leasing
$808.9 million
99%
land grant permanent fund dist.
$651.3 million
96.7%
sev tax perm. fund income
$195.1 million
86.6%
Land Office Income
$17 million
24.3%
benefits of the oil and natural gas industry to
new mexico's economy and budget
the oil and gas industry contributes over one-third of the funding for schools, infrastructure, healthcare, and public safety -
more than any other industry in new mexico.
vital infrastructure
oil and gas funds support the construction of new roads and highways to keep new mexico on the move.
new mexico general fund
oil and natural gas industry supports one-third, or $2.8 billion, of the state's annual budget.
funding for local schools
students and teachers receive nearly $1.4 billion each year to support new mexico's schools.
public safety
oil and natural gas help new mexico put more public safety officer on the streets, keeping our communities safe.
american energy security
producing oil and natural gas in new mexico makes america less reliant on other countries for our energy needs.
more jobs
Tens of thousands of New mexicans are employed as a result of oil and natural gas production.
the oil and gas industry's benefit to
new mexico schools
the oil and gas industry contributes over
one-third
funding for schools
total education funding
provided by the oil and natural gas industry
in new mexico
$1.37 Billion
$1,062,500,000
K-12 Funding
$$290,500,000
Higher Education Funding
$$60,062
Funding Per Teacher
$$3,788
Funding Per Student
(Click below to see your county's total)
New Mexico Map
county population
total education funding
