Each year the New Mexico State Legislature appropriates hundreds of millions of dollars in funds to the Executive Branch for various projects across the state. Yet many times these projects will go years without being completed, if ever.
As State Auditor, Tim Keller implemented “Money on the Sidelines”, an analytical report that explored how much public money sits unspent in over 700 different accounts held by hundreds of state agencies. In total, the report uncovered $4.2 billion dollars in unspent funds. With this information readily accessible, policy changes are already in the works regarding ways to cut red tape, fully fund projects, and for re-appropriation or reversion of unspent and unusable funds.