It didn’t garner much media coverage here in New Mexico, but last week, the American Legislative Exchange Council issued its annual report “Rich States, Poor States.” The analysis “ranks the 2015 economic outlook of states using 15 equally weighted policy variables, including various tax rates, regulatory burdens and labor policies.”
How did New Mexico fare? Not great. The state ranked 34th, receiving the worst demerits for its sales-tax (GRT, that is) burden, number of government employees, and liability system.
Also hobbling the Land of Enchantment was its lack of right-to-work (RTW) law. (Every state at the bottom was not a RTW state, while every state at the top was.)
Notably, New Mexico neighbors Utah and Arizona ranked among the list’s best prospects. Maybe we could learn something from them?