Less Taxes
  • $500 less taxes a year per average taxpayer. Land Office revenue generated for the state to support education expenditures cut taxpayers load.
  • $40 million in additional revenue to the Land trust. Land Office resolved royalty claims with sixteen oil companies and saved taxpayers money that would have been spent on legal fees.
  • $30 million underpayment of royalties suit filed with the Attorney General's Office on carbon dioxide production to recover additional revenue to offset taxes.
  • $120 million was generated for New Mexico as a result of Powell's actions. Monies generated by these actions resulted in a dollar for dollar match in additional funds collected from unpaid taxes and penalties, thus decreasing the taxpayer's burden.