Tag: fiscal policy

$4 Billion Windfall From Oil and Gas Lease Sale — But They’re Refusing to Spend It. Here’s Why That’s Actually Smart.

New Mexico is choosing to stash its portion of a landmark $4 billion oil lease windfall in dedicated trust funds instead of spending it immediately — a prudent move that could help stabilize the state’s finances for the long term. The decision represents a departure from the state's volatile energy past.

New Mexico is considering expanding its R&D tax credit to attract more tech investment and create better-paying jobs.

New Mexico lawmakers are considering expanding a technology jobs R&D tax credit as the state competes for advanced energy, aerospace, and computing investment. HB 27 would revisit incentives that currently offer up to 5% of qualified R&D spending—10% in rural areas—according to an LFC assessment.