The oil and gas industry provides $13.1 billion in state and local revenue, and over $2.4 billion of this funding is allocated to K-12 and higher education. This money supports teacher pay, early childhood programs, school construction, scholarships, and more.
Since New Mexico public education is funded mostly through state tax revenue rather than local property taxes, every county in New Mexico benefits from industry tax revenue even if they don't produce oil and gas.
By providing high-quality education to New Mexico's children, the state is training our future workforce, investing in communities, and improving quality of life. Find out how much you benefit from oil and gas at ForEveryNewMexican.com.
