Senate committee approves substitute raising fuel and diesel taxes, with debate over CPI indexing and rural impacts A Senate Finance committee substitute for SB76 raised the regular fuel tax to 20¢/gal and diesel to 25¢/gal (per the substitute discussed). Senators debated CPI indexing, agricultural exemptions for red-dyed diesel, and DOT accountability for maintenance; committee adopted the substitute and recorded a 'do pass' recommendation.

New Mexico's Senate Finance Committee has sparked controversy by proposing a fuel tax hike that could impact rural economies—what's at stake?

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