New Mexico

TIA Data

2016 Financial State of New Mexico (Updated 9/18/2017)

2015 Financial State of Albuquerque (Released 1/11/2017)

 
New Mexico's financial reporting has been inconsistent for the past several years. As a result, its taxpayer burden has been very volatile.
New Mexico's Taxpayer Burden™ is -$9,000, and 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 $9.2 billion of assets available to pay bills totaling $14.4 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 $9,000 to the state.
Because of an accounting rule implemented last year, New Mexico has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $3.6 billion in 2015 to $4.3 billion in 2016.
Much of New Mexico's retirement liabilities are excluded from their balance sheet. The state's total hidden debt amounts to $3.6 billion.
The state's 2016 financial report was released 370 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of New Mexico

2014 Financial State of New Mexico

2013 Financial State of New Mexico

Other Resources

New Mexico Comprehensive Annual Financial Reports

Publishing Entity: Department of Finance and Administration

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