Pages tagged "For Every New Mexican"
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.