Wednesday, August 20, 2008

Lyons speaks on sales of trust lands Commissioner of Public Lands Pat Lyons was in Las Cruces on Tuesday to talk about revenue generated by leases on and sales of state trust lands. Lyons addressed the New Mexico Farm Bureau Prime Timers, a group of retired farmers and ranchers. According to figures he presented, the land office generated some $545 million in revenues from leases, royalties and land sales in the 2007-08 year, which ended in June. That's up by about $69 million from the previous year. Roughly 83 percent of revenues benefit the public schools, according to Lyons. Between 2003 and 2008, some $2.26 billion has been generated for public schools. Of total revenues, 94 percent come from oil and gas royalties and leases.

No comments: