New Mexico state-government finances, comparable debt and interest figures, and the enacted budget.
The national companion measures federal finances. Here the unit is New Mexico state government. Federal debt is not allocated to New Mexico; a state budget is not the federal budget.
State debt outstanding$7.12BFY2024 · #36 of 50 · highest first
Interest expenditure$289.93MFY2024 · #30 of 50 · highest first
Total state tax collections$14.22BFY2024 · #30 of 50 · highest first
New Mexico over time
Explore New Mexico readings, major events and reviewed actions on the same date scale. New Mexico officeholders appear in separate lanes. National event evidence describes national context; it does not measure a New Mexico effect.
Major events & context · A curated selection, including uncertain effects. Milestone dates do not establish that an event caused a New Mexico change.
Enacted / issuedDid not proceedPending / in progressStatus unclear
Colors show the latest recorded status. Passing one chamber is not enactment. A number groups actions with the same date, body and status.
No comparable time series is retained for this topic. The chart shows events and reviewed actions; current state comparisons appear below.
New Mexico government actions New Mexico · source units
Move across the chart to inspect the nearest observation. Click or tap to keep a reading selected, or focus the chart and use the arrow keys. Hover over or focus a marker to explore; click or tap to pin. Press Escape to clear.
0 of 0 reviewed New Mexico actions match · 0 date markers shown. 50 major events shown separately.
How major events are selected
The timeline combines the corresponding national fact’s reviewed event catalog, labeled National context, with individually reviewed state milestones. State events use primary sources and distinguish signing, effective and filing dates. Each milestone keeps its source-check date, geographical limits and evidence limits. This curated selection is not a complete history.
Date ranges affect events and actions. Action type, status and official-name search affect government records only. Events remain separate from action counts. An event after the latest observation extends context without creating a new reading.
New Mexico · state comparison
State debt and interest
Compare state-government balances and interest expenditure from the same Census fiscal-year survey.
New Mexico · FY2024$7.12B
New Mexico rank#36among all 50 states
U.S. benchmark$1.1TSame measure and period when published
#1 is the highest value. Ties share a rank and leave gaps. D.C. and territories are excluded. Rank describes the measured value; it is not an overall score of the state.
State debt outstanding
Long-term debt outstanding plus short-term debt outstanding at fiscal year end.
State governments only, Census level 2; amounts converted from thousands to dollars. Fiscal-year ending dates differ among states. Excludes local-government debt. Dollar ranks describe scale, not credit quality.
Compare states on the graph
Hover or focus a bar to inspect its value and rank. Use the up and down arrows, Home or End to explore states. Click, tap or press Enter to keep a state selected. New Mexico stays highlighted. Values use the same measure and period.
Explore the map: hover or focus a state to inspect it, then click or tap to select it. Arrow keys move between states alphabetically. New Mexico has a dark outline.
Lower value · $728.59MHigher value · $166.39BStriped: unavailable
Color shows this measure’s value, not an overall state score. Select a state on the map, graph or dropdown to read its value, rank and comparison limits below.
New Mexico · $7.12BFY2024 · Rank #36 of 50, highest firstSelected state
50 states shown · scroll to explore every state. Missing values have no bar and are excluded from ranks. Bars start at zero; #1 means the highest value.
Compare New Mexico with every state · 50 ranked
State debt outstanding · FY2024 · highest value ranked #1
Rank
State
Value
Comparison notes
#1
California
$166.39B
—
#2
New York
$120.59B
—
#3
Texas
$70.05B
—
#4
Massachusetts
$65.87B
—
#5
New Jersey
$57.23B
—
#6
Pennsylvania
$48.67B
—
#7
Illinois
$43.38B
—
#8
Virginia
$33.73B
—
#9
Connecticut
$33.27B
—
#10
Ohio
$32.29B
—
#11
Washington
$30.62B
—
#12
Maryland
$25.9B
—
#13
Michigan
$25.02B
—
#14
Colorado
$23.57B
—
#15
Wisconsin
$22.79B
—
#16
Florida
$20.14B
—
#17
Minnesota
$17.03B
—
#18
Oregon
$16.91B
—
#19
Louisiana
$16.09B
—
#20
South Carolina
$15.36B
—
#21
West Virginia
$15.08B
—
#22
Georgia
$14.05B
—
#23
North Carolina
$13.13B
—
#24
Hawaii
$11.72B
—
#25
Rhode Island
$11.41B
—
#26
Alabama
$10.99B
—
#27
Oklahoma
$10.15B
—
#28
Kentucky
$10.08B
—
#29
Tennessee
$9.03B
—
#30
Indiana
$8.52B
—
#31
Iowa
$8.06B
—
#32
Arkansas
$8.05B
—
#33
Mississippi
$7.72B
—
#34
New Hampshire
$7.58B
—
#35
Kansas
$7.16B
—
#36
New Mexico · your comparison
$7.12B
—
#37
Missouri
$6.99B
—
#38
Arizona
$6.88B
—
#39
Alaska
$5.72B
—
#40
Utah
$5.55B
—
#41
Maine
$5.3B
—
#42
North Dakota
$4.89B
—
#43
South Dakota
$4.67B
—
#44
Delaware
$3.69B
—
#45
Nebraska
$3.39B
—
#46
Nevada
$2.89B
—
#47
Montana
$2.76B
—
#48
Vermont
$2.67B
—
#49
Wyoming
$1.26B
—
#50
Idaho
$728.59M
—
All 50 states are listed, including states without a comparable observation. Ranks use stored source precision; displayed values may round to the same number.
All measures use Census state-government records for FY2024. Categories describe collections; they do not rank statutory tax rates.
New Mexico · FY2024$4.33B
New Mexico rank#35among all 50 states
U.S. benchmark$465.4BSame measure and period when published
#1 is the highest value. Ties share a rank and leave gaps. D.C. and territories are excluded. Rank describes the measured value; it is not an overall score of the state.
General sales-tax collections
Census category T09.
State governments only, Census level 2; amounts converted from thousands to dollars. Fiscal-year ending dates differ among states.
Compare states on the graph
Hover or focus a bar to inspect its value and rank. Use the up and down arrows, Home or End to explore states. Click, tap or press Enter to keep a state selected. New Mexico stays highlighted. Values use the same measure and period.
Explore the map: hover or focus a state to inspect it, then click or tap to select it. Arrow keys move between states alphabetically. New Mexico has a dark outline.
Lower value · $0Higher value · $54.35BStriped: unavailable
Color shows this measure’s value, not an overall state score. Select a state on the map, graph or dropdown to read its value, rank and comparison limits below.
New Mexico · $4.33BFY2024 · Rank #35 of 50, highest firstSelected state
50 states shown · scroll to explore every state. Missing values have no bar and are excluded from ranks. Bars start at zero; #1 means the highest value.
Compare New Mexico with every state · 50 ranked
General sales-tax collections · FY2024 · highest value ranked #1
Rank
State
Value
Comparison notes
#1
Texas
$54.35B
—
#2
California
$53.33B
—
#3
Florida
$40.09B
—
#4
Washington
$22.81B
—
#5
New York
$19.99B
—
#6
Ohio
$16.33B
—
#7
Illinois
$16.05B
—
#8
Pennsylvania
$15.6B
—
#9
New Jersey
$14.31B
—
#10
Tennessee
$14.08B
—
#11
Arizona
$13.16B
—
#12
Michigan
$12.7B
—
#13
North Carolina
$12.16B
—
#14
Indiana
$10.96B
—
#15
Massachusetts
$9.4B
—
#16
Georgia
$9.01B
—
#17
Minnesota
$8.49B
—
#18
Nevada
$8.4B
—
#19
Wisconsin
$7.59B
—
#20
Virginia
$7.4B
—
#21
Maryland
$6.85B
—
#22
South Carolina
$6.44B
—
#23
Connecticut
$6.23B
—
#24
Kentucky
$5.8B
—
#25
Missouri
$5.26B
—
#26
Mississippi
$5.07B
—
#27
Arkansas
$5.07B
—
#28
Louisiana
$4.87B
—
#29
Hawaii
$4.79B
—
#30
Colorado
$4.67B
—
#31
Iowa
$4.64B
—
#32
Utah
$4.63B
—
#33
Alabama
$4.59B
—
#34
Kansas
$4.33B
—
#35
New Mexico · your comparison
$4.33B
—
#36
Oklahoma
$3.81B
—
#37
Idaho
$3.09B
—
#38
Nebraska
$2.97B
—
#39
Maine
$2.35B
—
#40
West Virginia
$1.82B
—
#41
South Dakota
$1.68B
—
#42
Rhode Island
$1.63B
—
#43
Oregon
$1.34B
—
#44
North Dakota
$1.32B
—
#45
Wyoming
$1.01B
—
#46
Vermont
$597.33M
—
#47
Alaska
$0
—
#47
Delaware
$0
—
#47
Montana
$0
—
#47
New Hampshire
$0
—
All 50 states are listed, including states without a comparable observation. Ranks use stored source precision; displayed values may round to the same number.
Census categories allow consistent comparisons. These selected categories are not a breakdown of the current New Mexico appropriations act.
New Mexico · FY2024$10.72B
New Mexico rank#28among all 50 states
U.S. benchmark$1.02TSame measure and period when published
#1 is the highest value. Ties share a rank and leave gaps. D.C. and territories are excluded. Rank describes the measured value; it is not an overall score of the state.
Public welfare current operations
Current operations for public welfare institutions and other public welfare, excluding capital and transfers.
State governments only, Census level 2; amounts converted from thousands to dollars. Fiscal-year ending dates differ among states.
Compare states on the graph
Hover or focus a bar to inspect its value and rank. Use the up and down arrows, Home or End to explore states. Click, tap or press Enter to keep a state selected. New Mexico stays highlighted. Values use the same measure and period.
Explore the map: hover or focus a state to inspect it, then click or tap to select it. Arrow keys move between states alphabetically. New Mexico has a dark outline.
Lower value · $1.09BHigher value · $156.71BStriped: unavailable
Color shows this measure’s value, not an overall state score. Select a state on the map, graph or dropdown to read its value, rank and comparison limits below.
New Mexico · $10.72BFY2024 · Rank #28 of 50, highest firstSelected state
50 states shown · scroll to explore every state. Missing values have no bar and are excluded from ranks. Bars start at zero; #1 means the highest value.
Compare New Mexico with every state · 50 ranked
Public welfare current operations · FY2024 · highest value ranked #1
Rank
State
Value
Comparison notes
#1
California
$156.71B
—
#2
New York
$97.35B
—
#3
Texas
$57.32B
—
#4
Illinois
$41.13B
—
#5
Florida
$40.11B
—
#6
Ohio
$39.77B
—
#7
Pennsylvania
$39.34B
—
#8
Massachusetts
$34.12B
—
#9
North Carolina
$30.64B
—
#10
New Jersey
$28.06B
—
#11
Arizona
$26.02B
—
#12
Michigan
$24.37B
—
#13
Virginia
$23.68B
—
#14
Minnesota
$23.37B
—
#15
Indiana
$22.93B
—
#16
Maryland
$21.61B
—
#17
Kentucky
$20.54B
—
#18
Oregon
$20.47B
—
#19
Washington
$19.6B
—
#20
Georgia
$18.99B
—
#21
Louisiana
$18.69B
—
#22
Tennessee
$16.42B
—
#23
Wisconsin
$16.26B
—
#24
Missouri
$15.65B
—
#25
Oklahoma
$14.57B
—
#26
Colorado
$13.6B
—
#27
South Carolina
$12.84B
—
#28
New Mexico · your comparison
$10.72B
—
#29
Iowa
$10.26B
—
#30
Alabama
$9.73B
—
#31
Arkansas
$8.67B
—
#32
Mississippi
$8.08B
—
#33
Utah
$6.91B
—
#34
Kansas
$6.84B
—
#35
Nevada
$6.62B
—
#36
West Virginia
$6.24B
—
#37
Maine
$5.7B
—
#38
Nebraska
$4.97B
—
#39
Connecticut
$4.88B
—
#40
Rhode Island
$4.54B
—
#41
Hawaii
$4.14B
—
#42
Delaware
$3.97B
—
#43
Idaho
$3.73B
—
#44
Alaska
$3.27B
—
#45
Montana
$2.89B
—
#46
New Hampshire
$2.72B
—
#47
Vermont
$2.69B
—
#48
North Dakota
$2.09B
—
#49
South Dakota
$1.95B
—
#50
Wyoming
$1.09B
—
All 50 states are listed, including states without a comparable observation. Ranks use stored source precision; displayed values may round to the same number.
The enacted plan, spending categories and audited activity use different periods and accounting scopes; they are kept separate.
New Mexico · FY2024$21.94B
New Mexico rank#30among all 50 states
U.S. benchmark$2.04TSame measure and period when published
#1 is the highest value. Ties share a rank and leave gaps. D.C. and territories are excluded. Rank describes the measured value; it is not an overall score of the state.
Current operation expenditure
Sum of Census current-operation expenditure categories, excluding capital outlay, interest, and assistance/subsidy expenditure.
State governments only, Census level 2; amounts converted from thousands to dollars. Fiscal-year ending dates differ among states. This FY2024 comparison differs in scope and period from New Mexico’s FY2027 appropriations and Fiscal year ended June 30, 2025 audit shown below.
Compare states on the graph
Hover or focus a bar to inspect its value and rank. Use the up and down arrows, Home or End to explore states. Click, tap or press Enter to keep a state selected. New Mexico stays highlighted. Values use the same measure and period.
Explore the map: hover or focus a state to inspect it, then click or tap to select it. Arrow keys move between states alphabetically. New Mexico has a dark outline.
Lower value · $4.01BHigher value · $287.03BStriped: unavailable
Color shows this measure’s value, not an overall state score. Select a state on the map, graph or dropdown to read its value, rank and comparison limits below.
New Mexico · $21.94BFY2024 · Rank #30 of 50, highest firstSelected state
50 states shown · scroll to explore every state. Missing values have no bar and are excluded from ranks. Bars start at zero; #1 means the highest value.
Compare New Mexico with every state · 50 ranked
Current operation expenditure · FY2024 · highest value ranked #1
Rank
State
Value
Comparison notes
#1
California
$287.03B
—
#2
New York
$161.37B
—
#3
Texas
$136.18B
—
#4
Florida
$86.61B
—
#5
Pennsylvania
$77.15B
—
#6
Illinois
$75.67B
—
#7
Ohio
$66.77B
—
#8
New Jersey
$64.53B
—
#9
Massachusetts
$61.38B
—
#10
North Carolina
$59.01B
—
#11
Michigan
$57.27B
—
#12
Virginia
$53.45B
—
#13
Washington
$49.82B
—
#14
Georgia
$45.19B
—
#15
Maryland
$45.06B
—
#16
Oregon
$41.41B
—
#17
Arizona
$38.71B
—
#18
Minnesota
$38.1B
—
#19
Indiana
$37.4B
—
#20
Kentucky
$36.94B
—
#21
Wisconsin
$34.5B
—
#22
Missouri
$34.43B
—
#23
South Carolina
$32.85B
—
#24
Colorado
$32.73B
—
#25
Louisiana
$31.67B
—
#26
Tennessee
$31.12B
—
#27
Alabama
$26.99B
—
#28
Oklahoma
$24.28B
—
#29
Utah
$22.7B
—
#30
New Mexico · your comparison
$21.94B
—
#31
Connecticut
$21.22B
—
#32
Iowa
$19.89B
—
#33
Kansas
$18.39B
—
#34
Hawaii
$16.62B
—
#35
Mississippi
$16.46B
—
#36
Arkansas
$16.28B
—
#37
West Virginia
$13.19B
—
#38
Nevada
$12.43B
—
#39
Nebraska
$10.41B
—
#40
Maine
$10.12B
—
#41
Delaware
$9.24B
—
#42
Rhode Island
$8.93B
—
#43
Alaska
$8.4B
—
#44
Idaho
$8.21B
—
#45
New Hampshire
$7.12B
—
#46
Montana
$6.44B
—
#47
Vermont
$6.28B
—
#48
North Dakota
$5.63B
—
#49
South Dakota
$4.55B
—
#50
Wyoming
$4.01B
—
All 50 states are listed, including states without a comparable observation. Ranks use stored source precision; displayed values may round to the same number.
FY2027 · Signed after $7.7M in recurring General Fund vetoes
Enacted appropriations
$11.2B
The Legislative Finance Committee's final recurring General Fund total for the feed bill, General Appropriation Act, and compensation enacted through Senate Bill 151, after $7.662 million in gubernatorial line-item vetoes. It excludes $2.651 billion in separately reported FY2027 nonrecurring appropriations, capital outlay, bond authorizations, federal funds, and other State funds.
Shares of the $13.520 billion in taxes reported as general revenue for New Mexico's primary government. The ACFR's business-privilege category is presented under its official aggregate label; the statement does not disaggregate that line into its underlying taxes.
FY2027 recurring General Fund appropriations by service area
FY2027 final after line-item vetoes
FactVote groups the final high-level agency amounts in Appendix B, which are published to the nearest $0.1 million. Those rounded lines total $11.1580 billion, while the more detailed Appendix C reports an exact-to-$100 final total of $11.1581779 billion; the chart exposes the $177,900 difference as a published-table rounding adjustment.
Government-wide activity for New Mexico's primary government on the accrual basis. Revenue combines charges for services, operating grants, capital grants, and general revenues; transfers cancel within the primary-government total.
Explore current officeholders and explicitly reviewed historical executive officials, labeled at the time of their actions. Timeline dates, action type, status and search also filter this list. Read any record’s summary, latest recorded status and official evidence below, or open it beside the timeline.
0 of 0 reviewed New Mexico actions · newest first
No reviewed actions match these filters.
How New Mexico action records are selected
Records come from published fact relationships or reviewed topic records with official supporting evidence and verified New Mexico officeholder attribution. Historical executive officials require evidence tied to the action date and are excluded from incumbent proposals. Inclusion follows an explicit topic review, a related state fact, or the action’s title and supporting evidence. Explicit topic reviews take priority; repeated actions use the most recent explicit review for this topic. Duplicate actions attached to several facts appear once. This topic match is not a new finding that an action caused a result, and the reviewed collection is selective. Collection reviewed Sep 16, 2026.
What candidates are saying
Explore statements about budgets, government spending, deficits and public debt from FactVote’s New Mexico candidate profiles. Compare candidates within each recorded race, with each person’s matching statements kept together. These are candidate and campaign statements, not verified outcomes.
4 statements from 4 candidates
2026 New Mexico Governor and Lieutenant Governor — General Election
2 candidates with matching statements · 2 statements
I will push for a long-term funding commitment to make police pay competitive with neighboring states, tied to clear recruitment and retention goals so taxpayers see real results. I also support expanding grant programs that help cities and counties cover the cost of hiring new officers over several…
Read exact statement & source
Source topic or question: Public safety and justice
Candidate campaign source
I will push for a long-term funding commitment to make police pay competitive with neighboring states, tied to clear recruitment and retention goals so taxpayers see real results. I also support expanding grant programs that help cities and counties cover the cost of hiring new officers over several years, allowing departments to rebuild without sudden budget shocks.
Statement date not recorded · Profile reviewed Sep 15, 2026
Each year, Congress must pass legislation to fund government operations for the coming fiscal year. As of now the House and Senate have not finished the Appropriations process to fund our government for FY2026 which began on October 1st, 2025.
Read exact statement & source
Source topic or question: How did we get here? How do we move forward?
Government-published candidate material
Each year, Congress must pass legislation to fund government operations for the coming fiscal year. As of now the House and Senate have not finished the Appropriations process to fund our government for FY2026 which began on October 1st, 2025.
Statement date not recorded · Profile reviewed Sep 17, 2026
Everyone deserves to feel safe in their communities, and far too many New Mexicans are being impacted by crime. Gabe worked with law enforcement on the Las Cruces City Council to increase their police budget by $3.8 million. In Congress, he’s worked with Republicans, introducing bipartisan bills to …
Read exact statement & source
Source topic or question: Public safety and justice
Candidate campaign source
Everyone deserves to feel safe in their communities, and far too many New Mexicans are being impacted by crime. Gabe worked with law enforcement on the Las Cruces City Council to increase their police budget by $3.8 million. In Congress, he’s worked with Republicans, introducing bipartisan bills to crack down on cartels and impose harsher penalties on violent criminals like human smugglers and fentanyl traffickers. Now, he’s working across the aisle to prevent cartels from recruiting New Mexico kids, make sure that people who break the law pay the price, and get illegal guns off our streets, so all New Mexicans feel safe in their communities.
Statement date not recorded · Profile reviewed Sep 15, 2026
This section matches specific budgets, government spending, deficits and public debt terms in retained, attributed source text from published New Mexico candidate profiles. A profile heading or biography alone does not qualify. The Florida geography is fixed; saved state preferences cannot change these results. A mention can concern a community or group rather than Florida’s statewide measure.
Matching is automatic and does not establish a candidate’s stance, the accuracy of a claim, or an effect on the measured result. Results are grouped by recorded race, then by candidate name. Within each candidate, the matching issue mentions appear first. Only candidates with matching retained statements are shown; this is not a complete race roster. Repeated identical text for the same candidate is shown once. Coverage follows the existing state profiles and is not a complete record of all candidates or everything they have said. Review dates are not statement dates.
New Mexico incumbents
What incumbents are proposing
Explore reviewed bills sponsored by current New Mexico legislators and New Mexico’s congressional delegation, plus retained proposals from New Mexico’s governor and agencies. Each record keeps its latest recorded status and official evidence.
0 matching sponsorships or proposals · 0 New Mexico incumbents. These filters apply only to this section.
No retained proposals match these filters. A missing record does not mean an incumbent has taken no action.
What sponsorship and proposal counts tell us
Only current New Mexico officeholders retained in the reviewed collection qualify. Bills require a recorded primary sponsorship; cosponsors and signing officials are excluded from sponsorship counts. An official introducer recorded as acting by request is labeled “Introduced by request”; that procedural role does not establish personal policy endorsement. Governor and agency records qualify when recorded as proposed. A separately verified governor transmittal can also establish an original proposal whose latest status reflects its later outcome. Signing an enacted law alone does not establish a proposal. A record appearing under several facts is counted once per officeholder. A bill with multiple primary sponsors appears under each recorded sponsor.
Enacted bills, adopted resolutions and unsuccessful measures remain visible as proposal history. Passing one chamber is not enactment. These counts do not measure effectiveness or prove that an action changed a New Mexico statistic. Collection reviewed Sep 16, 2026.
Sources & methods
Every section retains its primary sources, units, reporting periods and comparison limits. Maps, graphs and tables use the same observation and cohort. All 50 states are listed; D.C. and territories are excluded. Missing and suppressed values remain unavailable and never become zero.
#1 is the highest measured value. Equal source values share a rank and leave gaps (1, 2, 2, 4). Ranks use source precision and are descriptive, not a score of the state. Survey uncertainty and reporting coverage can limit comparisons. Published U.S. benchmarks are used where available; a state average is not substituted.
New Mexico snapshots and fiscal sources keep their own dates and accounting scope. National events and federal distribution explainers describe national context. Actions and statements are filtered to New Mexico, retain their reviewed evidence, and do not establish that a policy caused a measured change.
Retained state source collections assembled October 5, 2026. Original review and source dates remain visible. Refreshing this page does not refresh an official data release.