Our coalition is broad and diverse. We’re liberals and conservatives, Democrats and Republicans. We’re young and old, and everything in between. But more than anything, we are united in achieving one goal: economic prosperity for New Mexico.
New Mexico’s 9 million acres of state trust land generated a record high $852.2 million in revenue for the Land Grant Permanent Fund and Land Maintenance Fund in Fiscal Year 2018. These funds have distributed $3.5 billion in the last five years – which includes $826.2 million last year – to schools, colleges, universities, hospitals, and other public institutions across the state.
A new economic analysis demonstrates the opportunity that our state has before us thanks to the ongoing energy boom in the Permian Basin. The study looked at ExxonMobil’s investments in the Permian Basin and estimated that New Mexico will receive $62 billion in net fiscal benefits and local communities will see an additional $1.8 billion…
“A report released earlier this year breaks down how much oil and gas revenue has benefited New Mexico’s public schools… what it found is eye-opening.”