Ideas

Tim Keller
Mayor | Albuquerque, NM

Money on the Sidelines

Idea Category: Jobs and Entrepreneurship, Smart Government

Problem

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.

Solution

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.

More Idea’s From Tim Keller

New Mexico: Albuquerque Mayor Tim Keller Announced the Participants of the 2023 Mayor’s Creative Youth Corps

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Idea Category: Jobs and Entrepreneurship, Smart Government | Funding Source: ARP

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Buy Local: How Government Spending Can Create Jobs and Support the Economy

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