CEA’s Emily Haggstrom discusses how New Mexico’s budget surplus as a result of responsible energy development has been used to benefit lower-income families.
New Mexico ushered in 2019 in a historic new position: a budget surplus, a turnaround from a couple of years back when lawmakers tussled with how to combat an unsettling deficit. The winning formula, it turned out, was backing safe energy production. Per reports, about 80 percent of the growth in state income this current fiscal year came from the oil and gas sector. It’s a strategy that lawmakers should continue.