New Mexico

TIA Data

2018 Financial State of New Mexico (Released 9/24/2019)

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 -$13,300, 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 $8.5 billion of assets available to pay bills totaling $16.2 billion.
Because New Mexico doesn't have enough money to pay its bills, it has a $7.7 billion financial hole. To fill it, each New Mexico taxpayer would have to send $13,300 to the state.
New Mexico's reported net position is inflated by $1.2 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state's financial report was released 297 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

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 Comprehensive Annual Financial Reports

Publishing Entity: Department of Finance and Administration

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