New Mexico's oil investments are paying off. Here's where the funds may go

Economists estimate the state will bring in $13.6 billion in general fund income for the fiscal year that runs from July 2025 to June 2026. Efforts by New Mexico to save and invest portions of a financial windfall from local oil production are paying off as state government income on investments surpasses personal income tax collections for the first time, according to a new forecast Monday.General fund income from the state’s two, multibillion-dollar permanent funds and interest on treasury a...