New Mexico State spending tops in nation already

As November looms and the legislative session follows, policymakers are already working on their “wish lists” for the $2.5 billion in “new money” available (thanks in large part to the booming oil and gas industry). Of course, as data from the website USGovernmentspending.com (below) highlights , in FY 2023 (the current fiscal year), New Mexico State spending consumes a greater percentage of the New Mexico economy than does any other state.

Of course, this is BEFORE what we can only imagine will be another year of massive spending growth for the State.