New Mexico

TIA Data

2022 Financial State of New Mexico (Released 10/11/2023)

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

 
New Mexico owes more than it owns.
New Mexico's Taxpayer Burden™ is -$8,500, and it received a "D" from TIA.
New Mexico is a Sinkhole State without enough assets to cover its debt.
Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
New Mexico only has $14.3 billion of assets available to pay bills totaling $19.5 billion.
Because New Mexico doesn't have enough money to pay its bills, it has a -$5.2 billion financial hole. To fill it, each New Mexico taxpayer would have to send -$8,500 to the state.
New Mexico's reported net position is understated by $1.6 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 365 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of New Mexico

2020 Financial State of New Mexico

2019 Financial State of New Mexico

2018 Financial State of New Mexico

2017 Financial State of New Mexico

2016 Financial State of New Mexico

2015 Financial State of New Mexico

2014 Financial State of New Mexico

2013 Financial State of New Mexico

2012 Financial State of New Mexico

2011 Financial State of New Mexico

2010 Financial State of New Mexico

2009 Financial State of New Mexico

City and Other Municipal Reports

Financial State of Albuquerque

Other Resources

New Mexico Annual Comprehensive Financial Reports

Publishing Entity: Department of Finance and Administration

IN THE NEWS
Hot off the Press! The State Report is Out: How Did Your State Do???

DECEMBER 10, 2023

Now Available

Our annual report on state fiscal health. Debt among the states improved slightly. Going from $1.2 trillion down to $938.6 billion. 

What happened? 

How did your state do? Read the full report below. 

https://www.truthinaccounting.org/news/detail/financial-state-of-the-states-2023

Accounting is a methodology for measuring value. It's the process of identifying, measuring, and communicating economic information to enable well-informed assessments and choices for those who rely on the informationgood accounting matters!  

 

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