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State Investment Officer Steve Moise spoke last week about turning around his blighted agency. Moise, you may recall, is the Dudley Do-right chosen to clean up the State Investment Office, which manages the state’s permanent funds.
I’ve heard Moise a couple of times now, along with Doug Brown, Moise’s counterpart at the State Treasurer’s Office a few years earlier. So I couldn’t help but wonder who we’ll be listening to a year from now describing the house cleaning at the New Mexico Finance Authority. And what new scandal will have erupted by then.
NMFA’s fake audit, which raised eyebrows on Wall Street, somehow slipped past a lot of people who should have been minding the state’s business. And now we’re seeing the first fallout in capital projects stalled around the state. Poor McKinley County can’t catch a break, it seems. First it lost 71 percent of its projects to the governor’s line-item vetoes, and now Gallup is watching two projects falter in the NMFA debacle.
Moise talks a lot about lessons learned, which have broad applications for organizations, including the bumbling NMFA.
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