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Sunday, July 14, 2024

New Mexico is most federally dependent state

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With the tax deadline drawing near, personal-finance website WalletHub has completed an in-depth analysis of 2018’s most and least federally dependent states, with New Mexico ranking No. 1 on the dependency scale.

WalletHub compared the 50 states across three key metrics, including return on taxes paid to the federal government, federal funding as a share of state revenue, and share of federal jobs.

New Mexico was ranked Most Dependent after placing third in return on taxes paid and fifth in both federal funding and share of federal jobs. To view the full report, visit wallethub.com/edu/states-most-least-dependent-on-the-federa-government/2700.

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