GOOD NEWS CONCERNING THE SHARE OF OIL AND GAS REVENUE NEW MEXICO GETS FROM LOCAL PRODUCTION. THE ALBUQUERQUE JOURNAL REPORTS A STUDY BY THE NEW MEXICO TAX AND RESEARCH INSTITUTE AND MOSS ADAMS FINDS THIS STATE IS NUMBER ONE IN THAT AREA WHEN COMPARED TO EIGHT OTHER STATES IN THE WESTERN U-S. THE STUDY WILL BE PRESENTED TO THE HOUSE APPROPRIATIONS AND FINANCE COMMITTEE ON FRIDAY, JANUARY 18TH AT THE LEGISLATURE IN SANTA FE.
THE STUDY SAYS STATE AND LOCAL GOVERNMENTS MADE 20.7 PERCENT OF REVENUE GENERATED FROM OIL AND GAS THROUGH TAX AND ROYALTIES IN 2017. TEXAS, THE RUNNER-UP, CAME AWAY WITH A 14-POINT-9 PERCENT OF THE REVENUE.
