New Mexico now sitting on $70 billion in “permanent” fund

New Mexico’s incredible oil and gas boom continues to pump money into New Mexico. And, while the size and scope of government continues to grow (free college, free pre-K, and now free childcare to name just three of the Gov.’s socialistic “cradle to career” priorities) average citizens and businesses haven’t seen much support. In fact, multiple tax hikes were passed in the Legislature and are likely to become law including taxes on motorists AND businesses.

According to the latest information available from the State Investment Council the value of New Mexico’s permanent funds now come to a mind-blowing $70 billion. The last time we checked in on these funds back in August of 2025 the funds’ value had risen to $64 billion.

On one hand this massive pile of cash is a great bulwark against future budgetary challenges. The money could also be used to diversify New Mexico’s heavily-oil and gas dependent economy. Sadly, New Mexico politicians patently refuse to reduce New Mexicans’ tax burdens as part of broader economic reforms to make New Mexico more prosperous, less reliant on government handouts, and more economically diverse.