Richardson’s Spending Record Exacerbates Historical Trend

A new Rio Grande Foundation study

This Rio Grande Foundation study, “Lack of Spending Restraint Illustrates Need for New Mexico Taxpayer Protections” examines historical spending trends in New Mexico and the impact of overspending on the state’s economy. The solution to New Mexico’s sluggish economic growth? Follow Colorado’s lead in providing constitutional protections for taxpayers in the form of a strict tax and expenditure limitation.

Click here to download the entire study in Adobe PDF format.

Spending Limit Needed to Stabilize NM Budgetary Growth
Heather Wilson, Tax-and-Spend Republican