Rev­enue Fore­cast Fis­cal Year 2020, (next sum­mer)

The Taos News - - BUSINESS -

In new money: $1.2 bil­lion In­crease over cur­rent spend­ing: 18 per­cent

If kept in re­serves: 34 per­cent, up from this year’s 18 per­cent

Monthly oil pro­duc­tion from March to May: 18.5 mil­lion bar­rels

Oil pro­duc­tion in the south­east New Mex­ico is fu­el­ing this wind­fall growth in gross re­ceipts tax rev­enue.

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