NM ranked 37th poorest state

ALBUQUERQUE (KRQE) – New Mexico dropped from 33rd in the nation to 37th in the 2014 economic outlook ratings that are conducted by the American Legislative Exchange Council.

In 2011, New Mexico ranked 39th and in 2012, the state finished 35th.

The slippage may reflect New Mexico’s stagnant economy, which has been stuck in neutral for more than a year.

New Mexico finished 49th in sales tax burden and was penalized for not being a “right to work” state.

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