The Journal reports, link, the state's top securities regulator has found
"... a fake audit of the New Mexico Finance Authority went undetected for months because of a lack of oversight by top managers and the authority's appointed governing board."How surprised are you? If you Google search for New Mexico State Government and "lack of oversight", you'll get more than five million hits.
How many other state authorities, agencies, bureaus, and departments in state government lack the managerial oversight necessary to protect the people's power and resources from corrupt and incompetent politicians and public servants?
Whose interests are served by the lack of oversight in government? Certainly not the people's,
Whatever real oversight costs, it costs far less than lack of oversight. NM State Auditor Hector Balderas says, if the legislature funded his office adequately, he could save taxpayers hundreds of millions of dollars a year, link.
The lack of oversight permeates not only state government, but governments and quasi-qovernmentals throughout the state.
It permeates the APS. In that regard, they rank among the highest statewide.
Are you surprised?
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