NM revenue increases $850M due to Iran war, state economist estimates

The windfall will benefit trust funds for childcare, behavioral health and Medicaid. But NM households also feel the pinch of higher costs.

By: Patrick Lohmann

Outlets: Source New Mexico

Published: June 4, 2026

Words: 481

Last Updated: 1 month, 3 weeks ago

Body Text Preview

The ongoing war in Iran means $850 million more will flow into state coffers by the end of the current fiscal year ending June 30, according to new projections from the New Mexico Legislative Finance Committee.

The projected windfall results from a sharp increase in the price-per-barrel of oil since President Donald Trump began an armed conflict with Iran in February, LFC Chief Economist Ismael Torres told lawmakers on the interim Revenue Stabilization and Tax …

Create a free account to access this story and more

Join Plucky Wire to access full stories, collaborate with newsrooms, and discover content from networks around the world.

About

FAQ

Email Us