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Mon May 13, 2013
NM Land Office Brings In More Than $45M In April
Royalties from leases, and oil and natural gas production on New Mexico trust land netted more than $45 million in revenue in April.
The revenue coming into the State Land Office each month supports public schools, universities and hospitals.
New Mexico Land Commissioner Ray Powell says the goal is to create jobs while protecting the state's working lands. He says his office works with tribes, local and federal agencies, and the private sector to optimize the revenues.
In April, more than $41 million went to public schools alone. Special schools, such as the School for the Blind and Visually Impaired in Alamogordo and the School for the Deaf in Santa Fe, received nearly $2.2 million.