New Mexico State of the State: Governor Applauds Economic Diversification and Pushes for Comprehensive Tax Reform
The governor’s proposals for comprehensive tax reform, economic diversification, infrastructure spending prioritization, and education reform can generate longer-term opportunities. However, additional changes are needed. The state’s tort system and worker’s compensation costs remain economic drags. The relative lack of tax and expenditure limits and 8th highest number of state employees per capita contribute to a bloated state government.