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Looking at a list of states that are most dependent on federal money, New Mexico tops the list, and has been up there for quite some time going back historically. https://www.moneygeek.com/living/sta...al-government/
First question is why does NM get so much federal money?
The followup question is what's the path to not being number one on this list? One of the obvious solutions is increasing income to increase taxes paid, but outside of that, do you think there's a way NM could reduce it's reliance on the feds?
It looks like someone is not factoring in the military bases, government labs and native reservations in that calculation. New Mexico is not in the same class ans West Virginia and Mississippi.
Actual population of NM is 2,117,522. Population of natives in New Mexico is 199,341. There are 5 military bases. There are 2 national labs in New Mexico.
population of West Virginia 1,793,716, population of natives zero as far as I can find on the net. There are two military installations in West Virginia. There are no national labs.
population of Mississippi 2,961,279. Population of natives 14,634. There are seven military installations in Mississippi. There are no national labs.
Other wise you make a good point, wages should be increased, rents and housing costs should go down. The cost of living in Albuquerque is higher than in Dallas, TX, yet wages are 1/3 or more lower. But the ability to get federal funding is less here except for the medicaid program, which is better than a lot of states.
It looks like someone is not factoring in the military bases, government labs and native reservations in that calculation. New Mexico is not in the same class ans West Virginia and Mississippi.
Actual population of NM is 2,117,522. Population of natives in New Mexico is 199,341. There are 5 military bases. There are 2 national labs in New Mexico.
population of West Virginia 1,793,716, population of natives zero as far as I can find on the net. There are two military installations in West Virginia. There are no national labs.
population of Mississippi 2,961,279. Population of natives 14,634. There are seven military installations in Mississippi. There are no national labs.
Other wise you make a good point, wages should be increased, rents and housing costs should go down. The cost of living in Albuquerque is higher than in Dallas, TX, yet wages are 1/3 or more lower. But the ability to get federal funding is less here except for the medicaid program, which is better than a lot of states.
I was wondering if that federal dollar calc included military spending or not. If it's not, then it's not a true representation of federal spending. I was kinda shocked to see CO so low when they have quite a few bases and the Space Force HQ up there.
It looks like someone is not factoring in the military bases, government labs and native reservations in that calculation. New Mexico is not in the same class ans West Virginia and Mississippi.
Actual population of NM is 2,117,522. Population of natives in New Mexico is 199,341. There are 5 military bases. There are 2 national labs in New Mexico.
population of West Virginia 1,793,716, population of natives zero as far as I can find on the net. There are two military installations in West Virginia. There are no national labs.
population of Mississippi 2,961,279. Population of natives 14,634. There are seven military installations in Mississippi. There are no national labs.
Other wise you make a good point, wages should be increased, rents and housing costs should go down. The cost of living in Albuquerque is higher than in Dallas, TX, yet wages are 1/3 or more lower. But the ability to get federal funding is less here except for the medicaid program, which is better than a lot of states.
That is a good point, the U.S. Forest service has a lot of land in New Mexico as well, with over 8.3 million acres.
The five national forests in New Mexico cover most of the state's mountainous areas, plus a few isolated sections of the eastern prairies. There is also one national grassland (Kiowa), which is managed jointly with the Cibola National Forest, plus small parts of two national forests whose major area is in Arizona (Apache-Sitgreaves and Coronado).
It looks like someone is not factoring in the military bases, government labs and native reservations in that calculation.
To those, you can add social security and medicare payments to and on behalf of seniors, Medicaid and SNAP subsidies paid in state, federal payments in lieu of property taxes, costs of work on federal highways, etc.
To those, you can add social security and medicare payments to and on behalf of seniors, Medicaid and SNAP subsidies paid in state, federal payments in lieu of property taxes, costs of work on federal highways, etc.
Yes, that is also federal funds, though social security and medicare are not federal money, it is just managed by federal agencies. We paid into that, in some cases people pay in for 50 years before they retire. And Medicaid and Snap are only partially federal money, managed and partially funded by each state.
Yes, that is also federal funds, though social security and medicare are not federal money, it is just managed by federal agencies. We paid into that, in some cases people pay in for 50 years before they retire. And Medicaid and Snap are only partially federal money, managed and partially funded by each state.
You still have to count Social Security and, arguably Medicare, into the total federal input to a state.
We poor here. And we don't have to be. To become less reliant upon federal dollars subsidizing a permanent underclass, private sector job growth can be achieved by making the business climate here more friendly. The first step to achieving this is scrubbing the gross receipts tax. Otherwise, employers will skip right over this place to Colorado, Utah, Texas and Arizona, where no such tax exists. As a matter of fact, the few other states that impose a gross receipts tax have negligible rates, which are baked into quarterly or annual sales. For instance, in Delaware, one of 5 other states that even has a gross receipts tax, the remittance is 0.09% to a high of 0.746% of revenue earned, due quarterly to the state IRS. This is a small marginal rate, which in contrast to New Mexico, businesses impose this tax onto customers, at the point of sale of a good or a service. Sales and performances are taxable at the point of sale, unlike any other state. New Mexico's GRT is based on zoned upon geographically zoned localities. In some zones, such as Hatch, this rate is as a high as 9.4375%, again, all due upon at the point of a transaction. It's referred to as a 'pyramid tax', because it touches down to every entity in the chain of a sale. Builders pass along the cost of sheet rock, pipes, concrete, every single construction entity, onto every other beneficiary in the chain. For those without a business background, and a base level understanding of how businesses and economies flourish, this post is going to come across as verbose and dry. However, the large scale employers that expand and look for satellite locations to conduct business aren't locating here for the reasons I have just underlined. Without these jobs, this state loses young talent upon college graduation. They go to the other states I mention. I know this being in the line of business I am in.
The state legislature (senate and house) has been one party and their constituents are reliant upon this tax to continue to provide for a permanent underclass. They vote accordingly. The citizens that do so are guilty. Political figures come and go, but the citizens remain, and they have spoken.
You still have to count Social Security and, arguably Medicare, into the total federal input to a state.
No you don't! It isn't federal money! Look at your pay stub. 7% (may be higher now) goes to Social security against your retirement, another 1.5 % (may have changed by now) goes towards Medicare AND that is only for up to 80% of hospitalization (nothing else, and that 80% is not always how much they pay depending on the facility, location, procedure code and diagnosis). When I worked my job was writing and modifying programs to calculate those payments from medicare.
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