SANTA FE—This morning, the House of Representatives unanimously approved Senate Bill 226, a plan to secure needed funding to stabilize and remediate the Carlsbad Brine Well.
SB 226 redistributes 4.15% of the state Motor Vehicle Excise Tax from the general fund to the state road fund. This funding could provide close $30 million over the next four years to help prevent the collapse of the Carlsbad brine well. A collapse at the brine well site threatens the busy intersection of US 285 and US62/180, a key railroad corridor, and other critical infrastructure. It is estimated that a brine well collapse would inflict up to a $1 billion worth of economic damage to the Carlsbad area.
“I am gratified that my colleagues finally acknowledged the urgency of this situation,” said Rep. Brown. “The longer we wait, the more likely a disaster will happen. We have debated the causes and cures for the brine well for years. It is time to act decisively.”
SB 226 will now be sent to Governor Martinez for her signature.