A recently released study by the New Mexico Tax Research Institute, entitled Fiscal Impacts of Oil and Natural Gas Production in New Mexico calculates that 31.5% of fiscal year General Fund revenues are attributed to oil and gas. The study also calculates the amount of education funding related to these oil and gas revenues for each New Mexico county by school district and higher education institution. The full study can be found at www.nmtri.org.
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Study Shows Oil and Natural Gas Industry’s Importance to State of New Mexico
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