b'2024 State ReportPost WPMAEXPONEW MEXICO Petroleum Marketers Association ReportNew Mexico NotesNew Mexicos State Capital building(known as the Roundhouse)is in a tailspin with all the elected officialsretiring, changing houses or beingLeland Gouldprimaried by their own party.NMPMA The republican Minority Leaders in both the Executive Director House of Representatives and Senate will be retiring and not seeking reelection. Senators retiring:eg Baca:Minority leader Republican Representatives Retiring: GrBernalillo andRyan Lane:Minority Leader RepublicanValencia CountiesSan Juan County Neville:Republican SteveAllison:DemocratAztec CountyAnthonySan Juan CountyBrenda McKenna:DemocratGail Chasey:Democrat Majority Leader Bernalillo CountyBernalillo CountyJerry Ortiz y Pino : DemocratBill Rehm:RepublicanBernalillo CountyBernalillo CountyJason Harper:RepublicanBill Tallman:DemocratBernalillo CountySandoval CountyGregg Schmedes:RepublicanNew Mexico will also lose five senior House of Bernalillo, Sandoval, Representatives members, as they are running Santa Fe and for Senate seats. We also have 14 Representative Torrance Counties seats that will face primaries along with eight es:Republican Senators who will also face primaries.Mark MoorBernalillo County All of these less-experienced new legislatorsRodriguez:Democrat will be facing the current administrations focusNancy on new revenue streams. About half of New Santa Fe County Mexicos general fund revenue can be traced toPirtle:Republican the oil and natural gas sector through an arrayCliffChaves, Eddy, and of taxes and royalties on petroleum production Otero Counties that takes place on public lands, and distributions that flow from the states $28 billion land grant William Burt:Republican permanent fund for education, which is nurturedChaves, Lincoln, by oil income and investment earnings. and Otero Counties Governor Michelle Lujan Grisham is looking :Republican for new revenue streams that shift the statesRon GriggsDona Ana, Eddy, dependence on oil, including the administrations and Otero Countiesproposal to help preserve freshwater aquifers with a $500 million initiative to underwrite the 46 www.wpma.com / Spring 2024'