Governor signs bill to bolster state's financial stability
Statement
Issues: Taxes
Gov. Michelle Lujan Grisham on Friday signed Senate Bill 26, reinvesting some of the state's oil and gas windfall in the Severance Tax Permanent Fund and lessening any impacts to the general fund from future volatility in the industry.
"This is yet another huge investment in New Mexico's future," said Gov. Lujan Grisham. "By responsibly reinvesting the record revenues we are seeing now, we ensure that future budgets are less dependent on the current state of the oil and gas industry."
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