State government
New Mexico's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), New Mexico took in $40.2 billion and spent $33.5 billion.
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Where it comes from
What stands out
of New Mexico's money comes from interest, rents and other revenue.A typical state government gets 7.3%.
State taxes35%
What's in other taxesSeverance taxes; insurance premium taxes and 17 more
- Severance taxes$4.71 billion
- Insurance premium taxes$684 million
- Motor fuel taxes$319 million
- Other selective sales taxes$293 million
- Other taxes not classified elsewhere$242 million
- Motor vehicle licenses$185 million
- Other licenses$109 million
- Public utility taxes$104 million
- Tobacco taxes$78.6 million
- Amusement taxes$67.8 million
- Occupation and business licenses$51.3 million
- Alcoholic beverage taxes$48.5 million
- Estate and gift taxes$35.5 million
- Hunting and fishing licenses$30.0 million
- Driver's licenses$13.8 million
- Corporation licenses$5.1 million
- Alcoholic beverage licenses$4.0 million
- Public utility licenses$1.6 million
- Amusement licenses$556 thousand
Amounts are by Census tax category.
Fees for services11%
What's in fees for servicesHospital bills; college tuition and 8 more
- Hospital bills$3.52 billion
- College tuition$480 million
- Other service charges$235 million
- University housing and dining$70.6 million
- Parks, land and natural resources$18.0 million
- Housing$17.3 million
- Road charges$12.8 million
- Other education charges$9.4 million
- Parks and recreation$1.3 million
- Garbage collection$1.0 million
Amounts are by Census type of charge.
Federal tax money31%
Grants from Washington, paid for by the federal taxes residents also pay.
Local tax money1.5%
Money passed on by the county or other local governments.
Fines and other21%
Where it goes
What stands out
of New Mexico's spending goes to health services and hospitals.A typical state government spends 5.7%.
Spending by category100%
What's in social servicesOther public welfare; unemployment and social insurance offices and 1 more
- Other public welfare$10.7 billion
- Unemployment and social insurance offices$16.3 million
- Veterans' services$8.5 million
What's in sent to local governmentsSent to school districts; sent to local governments: general support and 18 more
- Sent to school districts$5.41 billion
- Sent to local governments: general support$2.40 billion
- Sent to local governments: other and not broken out$328 million
- Sent to local governments: roads and highways$192 million
- Sent to school districts (colleges)$118 million
- Sent to local governments: public health$59.6 million
- Sent to local governments: other government administration$56.5 million
- Sent to local governments: natural resources, farming and conservation$50.6 million
- Sent to local governments: police$47.8 million
- Sent to local governments: housing and community development$7.5 million
- Sent to local governments: courts and legal services$5.0 million
- Sent to local governments: prisons and jails$5.0 million
- Sent to local governments: airports$4.2 million
- Sent to local governments: parks and recreation$3.5 million
- Sent to local governments: inspections and regulation$1.5 million
- Sent to local governments: other public welfare$982 thousand
- Sent to local governments: garbage and solid waste$671 thousand
- Sent to local governments: libraries$74 thousand
- Sent to local governments: central staff services (personnel, purchasing, technology)$32 thousand
- Sent to local governments: colleges and universities$23 thousand
What's in health and hospitalsHospitals and public health
- Hospitals$3.71 billion
- Public health$543 million
What's in schools and collegesColleges and universities; scholarships and other education subsidies and 2 more
- Colleges and universities$2.42 billion
- Scholarships and other education subsidies$674 million
- Other education$337 million
- College housing, dining and bookstores$151 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 3 more
- Other and not broken out$1.51 billion
- Finance, tax collection and budgeting$972 million
- Other government administration$106 million
- Central staff services (personnel, purchasing, technology)$68.5 million
- Government buildings$24.6 million
What's in police, fire, courts and jailsCourts and legal services; prisons and jails and 3 more
- Courts and legal services$516 million
- Prisons and jails$424 million
- Police$221 million
- Probation, parole and other corrections$187 million
- Inspections and regulation$168 million
What's in roads, transit and parkingRoads and highways; public transit and 1 more
- Roads and highways$1.19 billion
- Public transit$2.6 million
- Airports$1.1 million
What's in environment and natural resourcesNatural resources, farming and conservation
- Natural resources, farming and conservation$342 million
What's in parks, recreation and librariesParks and recreation and libraries
- Parks and recreation$110 million
- Libraries$84 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
- Garbage and solid waste$21 thousand
Sources and moreWhere these numbers come from and what they cover
State of New Mexico. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.
What this covers. The money of State of New Mexico itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.
Counties33 counties, A to Z
- Bernalillo County
- Catron County
- Chaves County
- Cibola County
- Colfax County
- Curry County
- De Baca County
- Dona Ana County
- Eddy County
- Grant County
- Guadalupe County
- Harding County
- Hidalgo County
- Lea County
- Lincoln County
- Los Alamos County
- Luna County
- McKinley County
- Mora County
- Otero County
- Quay County
- Rio Arriba County
- Roosevelt County
- San Juan County
- San Miguel County
- Sandoval County
- Santa Fe County
- Sierra County
- Socorro County
- Taos County
- Torrance County
- Union County
- Valencia County
Cities and towns105 cities, towns and townships, A to Z
- Alamogordo
- Albuquerque
- Angel Fire
- Anthony
- Artesia
- Aztec
- Bayard
- Belen
- Bernalillo
- Bloomfield
- Bosque Farms
- Capitan
- Carlsbad
- Carrizozo
- Causey
- Chama
- Cimarron
- Clayton
- Cloudcroft
- Clovis
- Columbus
- Corona
- Corrales
- Cuba
- Deming
- Des Moines
- Dexter
- Dora
- Eagle Nest
- Edgewood
- Elephant Butte
- Elida
- Encino
- Espanola
- Estancia
- Eunice
- Farmington
- Floyd
- Folsom
- Fort Sumner
- Gallup
- Grady
- Grants
- Grenville
- Hagerman
- Hatch
- Hobbs
- Hope
- House
- Hurley
- Jal
- Jemez Springs
- Kirtland
- Lake Arthur
- Las Cruces
- Las Vegas
- Logan
- Lordsburg
- Los Lunas
- Los Ranchos De Albuquerque
- Loving
- Lovington
- Magdalena
- Maxwell
- Melrose
- Mesilla
- Milan
- Moriarty
- Mosquero
- Mountainair
- Pecos
- Peralta
- Portales
- Questa
- Raton
- Red River
- Reserve
- Rio Communities
- Rio Rancho
- Roswell
- Roy
- Ruidoso
- Ruidoso Downs
- San Jon
- San Ysidro
- Santa Clara
- Santa Fe
- Santa Rosa
- Silver City
- Socorro
- Springer
- Sunland Park
- Taos
- Taos Ski Valley
- Tatum
- Texico
- Tijeras
- Truth Or Consequences
- Tucumcari
- Tularosa
- Vaughn
- Virden
- Wagon Mound
- Willard
- Williamsburg
School districts96 school districts, A to Z
- Alamogordo School District
- Albuquerque School District
- Animas School District
- Artesia School District
- Aztec School District
- Belen School District
- Bernalillo School District
- Bloomfield School District
- Capitan School District
- Carlsbad School District
- Carrizozo School District
- Central Consolidated School District
- Central New Mexico Community College
- Chama Valley School District
- Cimarron School District
- Clayton School District
- Cloudcroft School District
- Clovis Community College District
- Clovis School District
- Cobre Consolidated School District
- Corona School District
- Cuba Independent School District 20
- Deming School District
- Des Moines School District
- Dexter School District
- Dora Schools District
- Dulce Independent School District
- Elida School District
- Espanola School District 45
- Estancia Municipal School District
- Eunice Public School District
- Farmington School District 5
- Floyd School District
- Ft. Sumner School District
- Gadsden School District
- Gallup-McKinley County Schools
- Grady School District 61
- Grants-Cibola County Schools
- Hagerman School District
- Hatch School District
- Hobbs School District
- Hondo Valley School District
- House Municipal Schools
- Jal Public School Municipal District
- Jemez Mountain School District
- Jemez Valley School District
- Lake Arthur School District
- Las Cruces School District
- Las Vegas City School District
- Las Vegas West School District
- Logan Municipal Schools
- Lordsburg Municipal School District
- Los Alamos School District
- Los Lunas School District
- Loving School District
- Lovington School District
- Luna Community College
- Magdalena School District 12
- Maxwell School District
- Melrose School District
- Mesa Vista Consolidated School District
- Mesalands Community College
- Mora Independent School District
- Moriarty-Edgewood School District
- Mosquero School District
- Mountainair School District
- New Mexico Junior College
- Pecos Independent School District
- Penasco Independent School District
- Pojoaque Valley School District
- Portales School District
- Quemado Independent School District
- Questa School District
- Raton School District
- Reserve Independent School District
- Rio Rancho Public Schools
- Roswell Independent Schools
- Roy School District
- Ruidoso School District
- San Jon School District
- San Juan College
- Santa Fe City School District
- Santa Fe Community College
- Santa Rosa Consolidated School District
- Silver Consolidated School District
- Socorro Consolidated School District
- Springer School District
- Taos Municipal School District
- Tatum School District
- Texico School District
- Truth Or Consequences
- Tucumcari Public Schools
- Tularosa School District
- Vaughn School District
- Wagon Mound School District 12
- Zuni School District