New Mexico Economic Development and Revenue Strategy

Current PFM Study: Three Questions for New Mexico's Fiscal and Economic Future For the last eight months, PFM has been working on a new study that builds and expands upon our prior work and focuses on three critical questions: · . • How will changes in the oil and gas sector affect State revenues over the next 15 years? If there is a long-term decline in the oil and gas sector, how can the State help offset the revenue impact through its tax structure? What role can economic diversification play to increase revenue, promote growth, and improve equity for New Mexico residents? © PFM 6

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