New Mexico

2015 Data (Released 09/19/2016)

Financial State of New Mexico

Financial State of Albuquerque

 
New Mexico owns more than it owes
At $2,400, New Mexico's “Taxpayer's Surplus” ranks 7th out of the 50 states
New Mexico is among 10 “Sunshine States” with enough assets to cover its debt
Elected officials have created a Taxpayer Surplus, which is each taxpayer's share of money available after state bills have been paid
TIA's Taxpayer Surplus measurement incorporates both assets and liabilities, not just pension debt
New Mexico has $16 billion of assets available to pay the state's bills totaling $14.7 billion
New Mexico has $1.4 billion available after bills have been paid: $2,400 per taxpayer
Because of a new accounting rule, New Mexico now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $0 in 2014 to $3.6 billion in 2015. However, the state is still hiding $3.1 billion of pension debt from taxpayers.
The state's financial report was released 377 days after its fiscal year end, which is considered untimely according to the 180 day goal
 

Prior Years' TIA Data

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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