LOCAL COLUMN
OPINION: From scarcity to abundance: New Mexico’s moment to invest in ourselves
Editor’s note: Part one of a two-part letter on Albuquerque’s path from resilience to prosperity.
Albuquerque has always been a city at the crossroads.
Long before Route 66, the railroad or the interstate, geography made this a place where people, cultures and economies converged. Indigenous communities built civilizations along the Rio Grande. El Camino Real connected us south to Mexico. The Santa Fe Trail brought another wave of commerce. When the railroad arrived, it connected Albuquerque to a rapidly expanding national economy. Route 66, the interstates and the Sunport followed. Being a city at the crossroads has always brought opportunity. But it has also brought disruption.
Our history includes colonization, war, trauma, dispossession and attempts to erase language and culture. Land was taken. Children were separated from families. New governments, economies and power structures arrived, one after another. Yet somehow, we held on.
Our traditions remain embedded in our food, architecture, art, families and institutions. Land grants, tribal governments and acequias remain part of modern New Mexico. We didn’t simply survive these transitions. We found a way to modernize without surrendering the cultures and identity that make this place unlike anywhere else in America. That history gave us our superpower: resilience.
But our resilience also has another side. For generations, New Mexicans had good reason to think in terms of scarcity. Water was scarce. Money was scarce. Jobs and opportunities were scarce.
When there isn’t enough to go around, you protect what you have. You save for the next downturn.
You minimize risk. You hold on to your land. You make sure you get your piece of the pie because you don’t know whether another piece is coming.
Those instincts helped us survive. But over generations, survival became a mindset. Now a scarcity mindset is embedded in many of our most important public policies and approaches to problem solving. We add layers of bureaucracy but rarely remove them. We divide public dollars equally among geographic districts, so everyone gets something rather than asking where it’s needed most — or what is its highest use. We save instead of investing our cash reserves, using only a fraction in our own state. When another neighborhood gets something, we ask, “What about us?” When someone proposes housing, a stadium or another ambitious project, we often start by looking for the reason it won’t work.
City government does it too. We hold on to vacant land and empty buildings because someday we might need them. We build permitting systems around eliminating every possible risk. We make residents wait for permission to renovate their homes, start businesses and use facilities their own tax dollars paid for. For a long time that caution made sense. But here’s the problem: New Mexico isn’t actually poor anymore.
New Mexico has accumulated extraordinary public wealth. The state now oversees more than $70 billion in its “rainy day” fund, and more than $3 billion in cash reserves each year that could be invested in our communities. Yet we still talk as though there isn’t enough: enough housing, addiction treatment, capital for businesses, educational opportunity or infrastructure.
We have become, in some ways, the richest poor state in America. For most of our history, the question was: How do we protect what little we have? Today it’s: What are we going to do with what we have?
Of course we should save for future generations. But children sitting in classrooms today are our future generations. So are the entrepreneurs starting businesses, families looking for homes and people who need addiction treatment today. Investing in them isn’t taking from our future. It is investing in it.
There are signs this shift is beginning. New Mexico has made bold commitments to no-cost universal child care and a new medical school. APS is working to connect students with internships and career pathways into the industries that will shape our economy. These investments begin with a different question. Not why can’t we? But what becomes possible if we do?
That is abundance — that is the basis for our public policy going forward. In our next letter, I’ll outline what that means for city government going forward.
Tim Keller is the mayor of Albuquerque.