No surprise, Wallethub finds New Mexico taxpayers get terrible return on investment

The 2023 New Mexico legislative session resulted in a grab-bag of policies that included both tax hikes and tax cuts. Overall the session, even with a $3.6 billion surplus, offered no fundamental approach to economic development or anything else.

The folks at Wallethub have a new report showing that New Mexicans receive the 3rd worst return on investment (ROI) of any state in the nation. Only California and Hawaii perform worse. For full details click the link above, but a few of the charts below highlight the abject failure of New Mexico government to perform its basic functions, a situation enabled by voters who continue to elect the same politicians year after year.