24/7 Wall St.
New Mexico ‘worst-run’ state in the nation. Again.
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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 Mexico is also seeing stagnant population growth, another indicator the New York-based publication looks at.