by James Jimenez, Deming Headlight
Feb. 13, 2020
Over the last decade, New Mexico has grown increasingly dependent on oil and gas revenues to fund our schools and classrooms. Yet, in the coming years, those revenues are expected to decline, and we must prepare for a future that is less dependent on fossil fuels.
That is why we need to take full advantage of this brief window of high oil and gas production, and ensure that we are setting our children and grandchildren up for long-term success. Unfortunately, the federal government’s outdated fiscal rates for drilling on public lands are standing in the way and, as a result, communities across our state have lost out on billions in revenue over the past ten years that could have helped fund education for decades to come.
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