US States Struggle to Replace Tax Revenue from Fossil Fuels | app
SANTA FE, NM (AP) — Government budgets are booming in New Mexico: Teacher salaries are up, residents can go to state college tuition-free, mothers will get medical care for a year postpartum and criminal justice initiatives are funded to reduce urban violence.
The reason behind the spending spree – oil. New Mexico is the second largest producer of crude oil among US states and the top recipient of US remittances for fossil fuel production on federal lands. But a budget filled with oil cash has a side effect: it also highlights how difficult it is to turn state rhetoric about fighting climate change into reality.
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