Excessive spending only tip of the icebergIn a previous column, I discussed how New Mexico’s state government has been on an historic spending spree during the tenure of Gov. However, this excessive spending of taxpayers’ dollars is only the “tip of the iceberg” of a much larger budget fiasco New Mexico has been experiencing since 2019. Another example, the Annie E. Casey Foundation recently issued its highly respected 2023 Kids Count Report and New Mexico ranked 50th in the nation in child well-being. This result was not really surprising since New Mexico ranked 49th in 2021 and 50th in 2022. Despite spending this huge amount of money, we never seem to make any headway in reducing our historically high poverty rate.

Source: Forbes July 17, 2023 14:47 UTC