Dependency lessened. but not much
Land of Enchantment Ranks 3rd in Federal Dollars
Heavy dependency on labs, bases continues
New Mexico has made some effort to lessen its dependency on the federal government, but not a whole lot.
According to the latest rankings from WalletHub, New Mexico is the third most federally dependent state in the nation. That was down from second place last year and first place in 2015.
For 2017, New Mexico had the most dependency of any state in terms of the amount of federal contracts and grants received for every dollar of federal taxes paid.
New Mexico state government also had a high rate of monetary dependency on the federal government, WalletHub said.
That New Mexico is heavily dependent on the federal government is no surprise. The state is home to three national laboratories, three Air Force bases and White Sands Missile Range.
In 2013, the last year for which full figures are available, government spent $27.5 billion in New Mexico, or $13,213 per person. New Mexico’s GDP was $86 million in 2015, and about $1.4 billion of that was Medicaid dollars.
Latest posts by Dennis Domrzalski (see all)
- ABQ: Ten Years Of Economic Mediocrity - April 25, 2017
- NM High Court To Hear Suit Against Gov. Martinez’s Vetoes - April 24, 2017
- ART Loan Program Finally Begins - April 21, 2017