New Mexico has always struggled to allocate our fiscal resources well. Our government has chased too many taxpayer funded boondoggles that waste your money and fail to produce meaningful results for our people. And now, with hundreds of New Mexico businesses going under due to the current crisis, it is even more critical that we make wise spending decisions in Santa Fe.
Lawmakers examine underfunded pension fund
SANTA FE – The financial outlook of the retirement system for New Mexico teachers and educators has eroded to the point that it’s now on track to run out of money in 100 years, legislators were warned Thursday.
“We’ve never been in that position,” Jan Goodwin, executive director of the state Educational Retirement Board, said in a committee hearing Thursday. “Clearly we need to make some changes.”
New Mexico lawmakers urge caution amid deep financial hole
ALBUQUERQUE, N.M. (AP) — New Mexico is going to have to dig out of a deep financial hole as a result of the coronavirus pandemic, as gross receipts crater and a significant number of workers have been forced to seek jobless benefits, said one of the state’s top lawmakers.
Southeast New Mexico lawmakers still worried for budget deficit as special session concludes
New Mexico continues to rank 50th in the nation for child well-being, according to the nonprofit New Mexico Voices for Children (NMVC). This is the fourth year the state has ranked at the very bottom for child well-being, having ranked 50th in 2013, 2018 and 2019, New Mexico Voices for Children said.