CEA’s Victoria Gonzales examines the unintended consequences and negative impacts New Mexico’s “Energy Transition Act” will have on the state’s economy.
About 80 percent of the growth in state income this past year came from the oil and gas sector, via severance taxes, rent, royalties, secondary taxes on sales and business-to-business transactions. This has led to the state’s largest job growth in over a decade. Unemployment is at its lowest in years, and more funding has been allocated to critical municipal services.
Read more – Las Cruces Sun News