Bill aims to give more money to higher education institutions

Bill aims to give more money to higher education institutions

SANTA FE, NM (KRQE) – As roadwork money becomes harder and harder to come by, state lawmakers are considering raising New Mexico’s gasoline tax, saying it is the one of the lowest in the country and has not been raised for a long time. The gas tax goes to highway projects, which state lawmakers have said we desperately need the money for.

“When you go to the gas station, you actually pay about 37 cents in tax and so about 18, just over 18 cents, is a state tax that stays in New Mexico and goes into the highway fund. the state, ”said the Ministry of Transport. Secretary, Michael Sandoval. “And the remaining 18 cents is federal gasoline tax and goes to the federal government’s Highway Trust Fund.”

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