Albuquerque, N.M. – Though July’s nationwide economic jobs report showed 255,000 new jobs created and the unemployment rate at 4.9 percent, New Mexico continues to suffer from a budget crisis under failed leadership of Governor Susana Martinez and House Republicans.
“Governor Martinez failed New Mexico. When she should have been focusing on job creation and the economy, she spent five years waging a war against our immigrant communities and worked to cut taxes for corporate donors. Now our state is facing a dangerous budget deficit, and Governor Martinez is unwilling to address her poor policy decisions by calling special session.” said Juan Sanchez III, Vice-Chair of the Democratic Party of New Mexico.
New Mexico is facing one of its largest budget shortfalls since the great recession with a total deficit of nearly $200 million in FY2016. Under Republican leadership the state suffers from anemic economic growth and an unemployment rate that is well above the national average at 6.2%.
Senate Democrats proactively called for a special session earlier this month. Governor Martinez refused to address her failed economic policies, while the state’s economic outlook continues to worsen.