Tag: New Mexico
Tag: New Mexico
ALEC in The Center Square: New Mexico sees one of largest GDP decreases in country
THE CENTER SQUARE By Chris Woodward Jul 1, 2022 (The Center Square) – New Mexico had one of the largest decreases in gross domestic product (GDP) among states in this…
ALEC in the Santa Fe New Mexican: New Mexico behind in reducing youth incarceration
New Mexico behind in reducing youth incarceration Santa Fe New Mexican By Steven Greenhut May 15 New Mexico continues to have one of the nation’s highest rates of juvenile…
Video: Western lawmakers fight the Biden Administration land grab
This week, Karla Jones, ALEC Senior Director, Federalism and International Relations Task Force and Catherine Mortensen, ALEC Director of Public Affairs, interviewed Western lawmakers to discuss how they are fighting…
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.
State of the State: New Mexico
In short, it’s not that things in New Mexico are getting worse; they’re just stuck in low gear. According to ALEC’s Rich States, Poor States, economic performance remains in the bottom third of all states; economic outlook is stuck at 34th place nationally, just one spot better than back in 2010. This lackluster outlook persisted during the energy boom years of 2010-2013. In fact, from 2004-2014, only ten states had lower gross domestic product growth than New Mexico. It’s no surprise that the state experienced negative domestic migration in 2016 for the fourth consecutive year in a row.