Pages tagged "For Every New Mexican"
Oil and Gas Funds New Mexico Capital Outlay Projects
The oil and gas industry provides $13.1 billion in state and local revenue, and over $1.9 bllion of this funding goes directly to capital outlay projects. These local projects include roads, playgrounds, public schools, libraries, fire stations, health clinics, and more.
This economic impact is felt in all corners of the state, even in counties that don't produce oil and gas. Every county in New Mexico has received capital outlay funding generated by the oil and gas industry.
This investment of oil and gas tax revenue has powered more than 1,500 projects in the last year alone, improving the quality of life for all New Mexicans. Find out how much you benefit from oil and gas at ForEveryNewMexican.com.
https://www.youtube.com/watch?v=Ll30AHkL8lQ
NM Oil and Gas Industry Taxes Fund Programs and Development
The oil and gas industry provides $13.1 billion in state and local revenue and supports over 100,000 jobs across New Mexico. This economic impact is felt in all corners of the state, even in counties that don't produce oil and gas.
Revenues from the industry support public education and higher education, healthcare, public safety, and infrastructure. In 2025, 1,500 new construction projects were funded primarily by oil and gas.
New Mexicans everywhere benefit from oil and gas-funded schools, hospitals, roads, and public safety programs. Find out how much you benefit from oil and gas at ForEveryNewMexican.com.
Oil and Gas Tax Revenue Benefits Every New Mexican
New Mexico's oil and gas industry generated $7.5 billion in state general fund revenue last year, equal to 48% of total state general fund revenue.
This money is used to support necessary funding for healthcare programs, including Medicaid, and public education at K-12 and higher education institutions. Residents across the state rely on these programs to stay healthy, educate their children, and gain new skills and knowledge to find high-paying jobs in New Mexico.
Revenues generated by the oil and gas industry benefit all New Mexicans, even those in counties that do not produce. Find out how much you benefit from oil and gas at ForEveryNewMexican.com.
Oil and Gas Generates Tax Revenue that Benefits Every New Mexican
Last year, the oil and gas industry generated more than $13 billion in state and local revenue and supported over 100,000 jobs. Tax revenue generated by the industry funds essential services residents use every day, including $680 million to public schools, $532 million for local infrastructure, and $1.2 billion for healthcare. The oil and gas industry brings revenue and economic benefits to you, no matter where you are and even if your county doesn't produce. Find out how much you benefit from oil and gas at ForEveryNewMexican.com.