According to the latest version of the “Rich States, Poor States” report (put out by the ever-so-controversial ALEC), Gov. Martinez’s modest tax reforms enacted during the last legislative session, resulted in New Mexico rising 4 places in the “Economic Outlook” index. New Mexico went from 39 in last year’s to 35 in this edition.
The full report is definitely worth the read as it covers a wide array of economic policy issues that drive or restrain economic growth along with some real-world examples. Jonathan Williams, one of the co-authors of the report, was in Albuquerque last year discussing the report and what policies lead to economic prosperity.
By the way, according to the latest version, Utah has the best economic outlook and New York the worst.