New Mexico state assets explode while NY Times calls state “poor”
A New Mexico story in three simple pictures:
According to the Albuquerque Journal New Mexico begins 2025 with $58 billion in its various “permanent funds”
On August 13, 2025 (approximately 8 months later) the Albuquerque Journal reports that the amount in those accounts has risen to $64 billion (that’s just a bit less than $1 billion a month growth).
New York Times magazine on August 6, 2025 writes thousands of words about New Mexico being “poor” and how the State can’t afford reductions to Medicaid and other federal programs.
