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==Economy==
==Economy==
New Mexico typically receives at least about $2 billion in direct revenue from oil and gas production through severance and property taxes and royalty and rental income. Additional indirect income comes from sales and income taxes on oil and gas drilling and service, which generate about $300 million. The state government also collects royalties from oil and gas production on federal and state land and imposes property taxes both on the assessed value of the products severed and sold and on the production equipment.<ref>https://www.nmlegis.gov/Entity/LFC/Documents/Finance_Facts/finance%20facts%20oil%20and%20gas%20revenue.pdf</ref> In 2020 during the [[covid lockdown]], ew Mexico's oil gas severance tax contributed more than a full one-third of all state spending.<ref>https://www.krwg.org/post/oil-and-natural-gas-contributed-28-billion-new-mexico-budget-fy-2020</ref> The [[Biden junta]]'s first actions on day one were to shut down oil and gas leasing on fedreal lands, destroying the statee's economy.
New Mexico typically receives at least about $2 billion in direct revenue from oil and gas production through severance and property taxes and royalty and rental income. Additional indirect income comes from sales and income taxes on oil and gas drilling and service, which generate about $300 million. The state government also collects royalties from oil and gas production on federal and state land and imposes property taxes both on the assessed value of the products severed and sold and on the production equipment.<ref>https://www.nmlegis.gov/Entity/LFC/Documents/Finance_Facts/finance%20facts%20oil%20and%20gas%20revenue.pdf</ref> In 2020 during the [[covid lockdown]], ew Mexico's oil gas severance tax contributed more than a full one-third of all state spending.<ref>https://www.krwg.org/post/oil-and-natural-gas-contributed-28-billion-new-mexico-budget-fy-2020</ref> In January 202 the [[Biden junta]]'s first actions on day one were to shut down oil and gas leasing on fedreal lands, destroying the statee's economy.<ref>https://www.foxbusiness.com/energy/oil-gas-lifeblood-of-the-new-mexico-economy-energy-employee</ref>
== Language ==
== Language ==