David Abbey, the former director of the Legislative Finance Council, addressed the Greater Albuquerque Chamber of Commerce's Board of Directors on January 24. He provided insights into the state's fiscal conditions and performance during the meeting held in Downtown Albuquerque.

Abbey highlighted the opportunity for the state to not only spend but also return some money to taxpayers. He emphasized controlling spending and addressing issues within the tax system as measures that could benefit the state's economy. "If we’re worried about oil and gas being sustainable, then put a sunset on tax changes," he stated. "Let it expire in five years."

He pointed out that New Mexico holds over $50 billion in permanent funds and suggested that there might have been an over-reliance on trust funds. Abbey expressed concerns about expanding Medicaid eligibility to 400% of the poverty line, given potential federal spending cuts and their impact on state budgets.

Additionally, Abbey stressed the importance of reviewing the Legislative Finance Council’s report for a comprehensive understanding of state finances. He noted New Mexico's poor performance in public education despite high per-student funding and mentioned that while early childhood education funding has risen significantly, its effect on workforce participation remains minimal.

Abbey called for improvements in healthcare workforce shortages and Medicaid reimbursement rates. He also urged enhancing teacher quality and providing better incentives to retain top educators.

The Chamber released its Legislative Agenda following approval by its board.