Long-term thinking in New Mexico

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Part of our incentive for starting this blog was to shed more light on the actual performance benefits of stimulus dollars, as opposed to just “jobs, jobs, jobs,” in the words of the GAO’s Stan Czerwinski.

With that in mind, we were delighted to see a press release from New Mexico that quotes Arturo L. Jaramillo, Secretary of the General Services Department, there.  Jamarillo was talking about energy efficiency projects in state buildings: .”These projects must realize energy savings per dollar spent. Reducing utility costs through high efficiency upgrades such as these will result in millions of tax dollars saved in the long term.”

That’s just the ticket, as far as we’re concerned. The key, of course, is doing the follow-up to see whether those dollars are actually saved, after the fact. We’ll be checking with New Mexico and other states, on that front, as time goes on.

In any case, performance benefits are not inconsistent with the desire to help the state’s economy in the short term. New Mexico’s Governor Bill Richardson recently cited the Council of Economic Advisers report, “that says the Recovery Act is responsible for creating 16,000 jobs in New Mexico to date.”

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One Response to “Long-term thinking in New Mexico”

  1. tjsadowski Says:

    Re: creating jobs, I have to wonder what criteria are actually applied and how are these jobs identified. Some might seem obvious but maybe not. For example, did the job previously exist? Does someone currently hold that job? What was that person doing before they took that job?

    Was the job created in business, nonprofit or government? Is it expected to be permanent?

    Those questions are directed at a micro level. Is that the approach used or is it done at a macro level? If macro what are the formulas and assumptions?

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