A.This is in large due to its broadly based tax structure.
B.New Mexico’s extractive mineral industries contribute about a third of the state’s $1.9 billion general-fund income in fiscal year 1991.
C.However, the extractive mineral industry in New Mexico is one of the state’s strongest economic forces.
D.During fiscal year 1992 New Mexico raised permanent funds worth about $6.1 billion.
E.The combined value of oil and gas production was $2.8 billion.
F.Some 16,000 employees work in the extractive industries and their wages are among the highest of any major industry.
G.The $39 million earned by these funds in 1991 was used to finance education and other public services.