New Mexico
| New Mexico owes more than it owns. |
| New Mexico has a -$7,800 Taxpayer Burden.™ |
| 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 $17.3 billion of assets available to pay bills totaling $22.4 billion. |
| Because New Mexico doesn't have enough money to pay its bills, it has a -$5.1 billion financial hole. To fill it, each New Mexico taxpayer would have to send -$7,800 to the state. |
| New Mexico's reported net position is overstated by $66.3 million, largely because the state delays recognizing losses incurred when the net pension liability increases. |
| The state's financial report was released 263 days after its fiscal year end, which is considered untimely according to the 180 day standard. |
Prior Years' TIA Reports
2023 Financial State of New Mexico
2022 Financial State of New Mexico
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
City and Municipal Reports
Financial State of Albuquerque
Other Resources
New Mexico Annual Comprehensive Financial Reports
Publishing Entity: Department of Finance and Administration
