New Mexico is officially the “Worst-Run State” in America (again)
For the second year in a row, New Mexico is at the top of a list: the worst-run states in the nation.
The embarrassing news first reported in New Mexico by the NM Political Report:
A high poverty rate, dire budget situation and high unemployment led to New Mexico once again being named the worst-run state in the nation, according to a list compiled by 24/7 Wall St.
This is the second year in a row that the publication ranked New Mexico as the worst-run state in the country.
The site ranks the states based on “measures of financial health and fiscal responsibility, as well as socioeconomic outcomes such as unemployment, poverty, and crime — conditions state governments are tasked with managing and improving.”
In addition to other economic factors, 24/7 Wall St. cited Moody’s Investor Services downgrading the state’s credit rating which came because of a general lack of general fund reserves.
New Mexicans noticed another connection between the list and Governor Martinez.
Since Martinez took office in 2011 promising “bold change,” her education and budget reforms have resulted in more childhood poverty, lower childhood welfare rankings and one of the nation’s largest unemployment rates. But corporations got a tax cut.