New Mexico's Oil Income Surpasses Taxes
This is a New Mexico's news story, published by ABC News, that relates primarily to treasury news.
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state government incomeABC News
•New Mexico's oil income investments now surpass personal income tax revenue
84% Informative
New Mexico's oil income investments now surpass personal income tax revenue.
General fund income from the state's two , multibillion-dollar permanent funds and interest on treasury accounts is expected to climb to $ 2.1 for the fiscal year between July 2024 and June 2025 .
Investment earnings are designed to ensure critical programs endure if oil income falters amid transition to new sources of energy.
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