.....Advertisement.....
.....Advertisement.....

Off and On: Higher gas prices could mean more taxes

-A A +A
By Ralph Damiani

State lawmakers are being warned that rising gasoline prices could aggravate financial problems confronting the state Department of Transportation and New Mexico’s highway system.

The agency expects that as motorists cut back on their travel because of high gasoline prices, less money will flow to the state from New Mexico’s fuels taxes. Less fuel sold means less revenue to the state, based on per-gallon sold.

And that is already happening.

Taxes on fuels provide more than half of the revenue for the state road fund that pays for operations of the Transportation Department, which maintains and builds highways.

New Mexico already faces a transportation financing shortfall of a half-billion dollars and the department has put 29 state road construction projects on hold until more money is found to pay for them.

And guess where that extra money will come from?

Top department officials outlined other financial woes to the Legislative Finance Committee, including an $80 million gap in funding for a transportation package enacted last year for local government and tribal projects.

While the high oil prices help the state’s general fund with royalty payments, the high fuel prices are driving down consumption – and state highway revenue.


If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
info
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:



Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday