Site icon Polvadera Chiles and New Mexico News

New Mexico ranked most federally dependent state

When it comes to states most dependent on Uncle Sam, the Land of Enchantment is No. 1 — again.

New Mexico topped WalletHub’s list of the most federally dependent states for another year. New Mexico was No. 1 last year and was No. 3 in 2017.

The personal-finance website looked at three key metrics for its ranking: return on taxes paid to the federal government; federal funding as a share of state revenue; and share of federal jobs.

New Mexico ranked third when it came to return on taxes paid…

Source: The Business Journal

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