Where the money comes from and where it goes.
State and county government finances from the state’s own reports. Different years and measures are kept apart.
Fiscal year 2025 (July 1, 2024 to June 30, 2025), audited actuals, all governmental funds (ACFR, governmental funds)
Total revenue $38.7B · total spending $26.6B (exact figures in the tables). Revenue and spending are separate measures; budgeted and audited years are separate records and are never compared as one.
| General and selective taxes (gross receipts, compensating, selective sales and severance taxes) | $10,574,824,000.00 |
| Income taxes | $2,925,559,000.00 |
| Federal revenue | $11,967,152,000.00 |
| Investment income | $6,539,600,000.00 |
| Rentals and royalties | $5,362,116,000.00 |
| Charges for services | $201,008,000.00 |
| Licenses, fees and permits | $414,951,000.00 |
| Assessments | $304,547,000.00 |
| Miscellaneous and other | $454,548,000.00 |
| Culture, recreation and natural resources | $552,464,000.00 |
| Education | $5,972,434,000.00 |
| General control (central government administration) | $1,236,367,000.00 |
| Health and human services | $13,762,158,000.00 |
| Highways and transportation | $1,531,727,000.00 |
| Judicial | $513,625,000.00 |
| Legislative | $55,760,000.00 |
| Public safety | $1,177,652,000.00 |
| Regulation and licensing | $287,051,000.00 |
| Capital outlay | $1,016,156,000.00 |
| Debt service: principal | $424,814,000.00 |
| Debt service: interest and other charges | $118,326,000.00 |
Fiscal year 2027 (July 1, 2026 to June 30, 2027), enacted budget, general fund recurring revenue and recurring appropriations (enacted budget)
Total revenue $14.0B · total spending $11.2B (exact figures in the tables). Revenue and spending are separate measures; budgeted and audited years are separate records and are never compared as one.
| General sales taxes (gross receipts and compensating taxes, net) | $4,656,200,000.00 |
| Selective sales taxes (tobacco, liquor, cannabis, insurance, motor vehicle, gaming and other) | $833,900,000.00 |
| Income taxes (personal and corporate, net of refundable credits) | $2,671,200,000.00 |
| Severance taxes (oil and gas school tax and others, net of amounts sent to reserve and permanent funds) | $1,278,000,000.00 |
| License fees | $72,900,000.00 |
| Interest and distributions from the permanent funds and state treasurer's investments | $2,424,900,000.00 |
| Rents and royalties (federal mineral leasing, net, and State Land Office) | $1,775,000,000.00 |
| Tribal gaming revenue sharing | $90,500,000.00 |
| Miscellaneous receipts | $50,600,000.00 |
| Reversions (unspent appropriations returned to the general fund) | $110,000,000.00 |
| Legislative (feed bill, HB 1) | $49,026,200.00 |
| Legislative (General Appropriation Act) | $6,559,400.00 |
| Judicial (courts, district attorneys, public defender) | $495,108,100.00 |
| General control (central government administration) | $234,363,100.00 |
| Commerce and industry | $115,095,700.00 |
| Agriculture, energy and natural resources | $146,824,800.00 |
| Health, hospitals and human services | $3,074,361,300.00 |
| Public safety | $609,095,800.00 |
| Transportation | $0.00 |
| Other education (Public Education Department and related) | $95,233,400.00 |
| Higher education | $1,517,951,000.00 |
| Public school support | $4,788,553,100.00 |
| Compensation (1 percent pay increase, outside agency budgets) | $26,006,000.00 |
County governments, fiscal year 2021-22 (Census of Governments; fiscal year ended June 30, 2022)
| Bernalillo | $591,823,000.00 | $464,394,000.00 | $172,402,000.00 | 672,636 | $690.41 |
| Catron | — | — | — | 3,788 | — |
| Chaves | $57,879,000.00 | $47,904,000.00 | $12,617,000.00 | 63,873 | $749.99 |
| Cibola | — | — | — | 26,761 | — |
| Colfax | — | — | — | 12,289 | — |
| Curry | — | — | — | 47,422 | — |
| De Baca | $1,607,000.00 | $4,724,000.00 | $907,000.00 | 1,701 | $2,777.19 |
| Doña Ana | — | — | — | 223,385 | — |
| Eddy | — | — | — | 60,244 | — |
| Grant | $114,174,000.00 | $140,639,000.00 | $7,488,000.00 | 27,667 | $5,083.28 |
| Guadalupe | $4,784,000.00 | $4,352,000.00 | $2,113,000.00 | 4,330 | $1,005.08 |
| Harding | $578,000.00 | $861,000.00 | $15,000.00 | 626 | $1,375.40 |
| Hidalgo | — | — | — | 4,012 | — |
| Lea | $238,773,000.00 | $93,518,000.00 | $176,588,000.00 | 72,260 | $1,294.19 |
| Lincoln | — | — | — | 20,329 | — |
| Los Alamos | $196,191,000.00 | $156,504,000.00 | $8,262,000.00 | 19,198 | $8,152.10 |
| Luna | $37,906,000.00 | $33,231,000.00 | $7,286,000.00 | 25,645 | $1,295.81 |
| McKinley | — | — | — | 69,916 | — |
| Mora | — | — | — | 4,141 | — |
| Otero | $113,320,000.00 | $98,925,000.00 | $11,424,000.00 | 68,851 | $1,436.80 |
| Quay | $12,320,000.00 | $9,709,000.00 | $2,952,000.00 | 8,549 | $1,135.69 |
| Rio Arriba | $42,017,000.00 | $34,096,000.00 | $7,212,000.00 | 39,941 | $853.66 |
| Roosevelt | — | — | — | 18,894 | — |
| San Juan | $131,583,000.00 | $114,124,000.00 | $25,441,000.00 | 120,504 | $947.06 |
| San Miguel | — | — | — | 26,879 | — |
| Sandoval | $100,597,000.00 | $72,921,000.00 | $36,593,000.00 | 153,386 | $475.41 |
| Santa Fe | — | — | — | 155,789 | — |
| Sierra | — | — | — | 11,490 | — |
| Socorro | $17,176,000.00 | $17,743,000.00 | $3,191,000.00 | 16,127 | $1,100.20 |
| Taos | — | — | — | 34,590 | — |
| Torrance | — | — | — | 15,398 | — |
| Union | — | — | — | 4,002 | — |
| Valencia | — | — | — | 78,236 | — |
Revenue, spending and property tax come from the U.S. Census Bureau's 2022 Census of Governments: Finance individual unit file, the latest year that canvasses every government; they are actual results for fiscal year 2021-22 (July 1, 2021 to June 30, 2022). No New Mexico state agency publishes county revenues and spending in one table: the Department of Finance and Administration's Local Government Division approves county budgets and receives quarterly financial reports through its budget system, but posts only a log of the dates reports were received, not the figures (see gaps). Each row is the county government only. Cities, towns, villages, school districts and special districts inside the county are separate governments and are not included, except Los Alamos County, an incorporated county that is one government for the county and the town of Los Alamos, so it also carries city services. revenue_total = all revenue Census records for the government (taxes, charges, state and federal aid, interest and other general revenue, utility and insurance-trust revenue); it excludes borrowing and transfers between the county's own funds. spending_total = all expenditure (current operations, capital outlay, interest, assistance and payments to other governments); it excludes repayment of debt principal. property_tax = property tax revenue (Census code T01), the county government's own levy; it is part of revenue_total, not an addition. Revenue, spending and property tax are separate measures and are never added together. These are actual results as reported to Census, on Census's classification, not the counties' audited fund statements. A figure is left empty when more than 10% of its dollars are Census estimates (imputations); Census's estimate is kept, labeled, under census_imputed. Population is the Census Bureau's July 1, 2022 estimate (Vintage 2025); population_2025 is the July 1, 2025 estimate from the same release. 25 of the 33 county governments were also in the Census 2024 Annual Survey (a sample) and have a separate fy2024 block: a different year, never mixed with or compared to 2022 on the page. Spending per resident is our division of the county’s reported spending by its population.
Sources: U.S. Census Bureau, 2022 Census of Governments: Finance, individual unit file (New Mexico's 33 county governments; thousands of dollars); U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit files (a sample); U.S. Census Bureau, county population estimates, Vintage 2025 (co-est2025-alldata); New Mexico Department of Finance and Administration, Local Government Division, Budget & Financial Report Status: FY2025 Budget and Financial Reports as of December 22, 2025 (dates received and approved; no figures; checked, not used for figures); New Mexico Department of Finance and Administration, Local Government Division, LGBMS page (the budget system is behind a login; no public data; checked, not used for figures).
What is not here yet
- The FY2025 ACFR file on DFA's site is the financial statements and supplementary information as filed with the Office of the State Auditor (its PDF title reads 'Signed Report and Financial Statements for Upload Only ... (In Process)', the State Auditor's filing label); its cover reads 'Annual Comprehensive Financial Report For the Fiscal Year End 2025' and it carries the signed auditors' report. A separately designed edition with a statistical section was not found; not yet checked.
- No FY2026 ACFR (year ended June 30, 2026) had been published on Oct. 23, 2026; New Mexico's ACFR for FY2025 was released in April 2026.
- DFA's FY2027 Budget Overview (July 24, 2026) prints FY2027 recurring general fund appropriations of $11,165.8 million, the total before the Governor's $7.7 million line-item veto in the Children, Youth and Families Department; the LFC post-veto total, $11,158.2 million, is used here. Its revenue table prints $13,963.2 million where LFC prints $13,963.1 million (rounding).
- The FY2027 budget from federal funds, other state funds and internal service funds (all-funds operating budget) is not shown; DFA's Budget Overview prints these only rounded to $0.1 million in a chart, before vetoes. Not yet checked against the General Appropriation Act's own totals.
- One-time (nonrecurring) FY2027 appropriations, capital outlay and fund transfers are not broken down; only their total from LFC Appendix A is given in the measure note.
- The General Appropriation Act itself (House Bill 2, chaptered) was not saved; the figures are LFC's tabulation of it.
- No New Mexico state compilation of county revenues and spending was found. The Local Government Division of the Department of Finance and Administration receives each county's budget and quarterly financial reports in its Local Government Budget Management System (LGBMS), which is behind a login; its public Budget & Financial Report Status page posts only a log of dates received and approved (newest: FY2025, as of Dec. 22, 2025), with no dollar figures (checked Oct. 23, 2026). Counties' adopted FY2026-27 budgets and their audits (filed with the Office of the State Auditor) were not collected; not yet checked, county by county.
- 2022 figures left empty because Census estimated more than 10% of the dollars: Catron, Cibola, Colfax, Curry, Doña Ana, Eddy, Hidalgo, Lincoln, McKinley, Mora, Roosevelt, San Miguel, Santa Fe, Sierra, Taos, Torrance, Union, Valencia (Census's estimates are kept under census_imputed). Shown per measure: {'revenue_total': 15, 'spending_total': 15, 'property_tax': 15}.
- Census 2024 Annual Survey is a sample: 8 counties are not in it (Cibola, Harding, Hidalgo, Quay, Roosevelt, San Miguel, Sierra, Union); their fy2024 is null, not zero. 2024 figures left empty for imputation, per measure: {'revenue_total': 11, 'spending_total': 11, 'property_tax': 11}.
- Rows that look unusual and were not checked against the county's audit (shown as Census lists them, each with a check_note): Eddy, 2024 (revenue 252,346,000 dollars against spending 39,002,000 dollars).
- Enterprise charges inside the 2022 revenue_total (Census codes A36 hospitals and A01 air transportation; the matching costs are in spending_total): Colfax: air transportation charges (A01) $155,000.00; Grant: hospital charges (A36) $69,884,000.00, air transportation charges (A01) $1,948,000.00; Lea: air transportation charges (A01) $146,000.00; Los Alamos: air transportation charges (A01) $76,000.00; Otero: hospital charges (A36) $33,000.00; Rio Arriba: hospital charges (A36) $22,000.00; Union: hospital charges (A36) $11,391,000.00. Counties that run a hospital or an airport are therefore not comparable with those that do not.
- Los Alamos County is an incorporated county that also provides city services; its 2022 Census record includes utility revenue (water, A91 $7,512,000.00, electric power, A92 $48,752,000.00, gas, A93 $7,164,000.00, transit, A94 $1,320,000.00, sewerage charges, A80 $6,158,000.00), so its figures are not comparable with a county government alone.
- Census figures follow Census's own classification and do not match a county's audited fund statements or adopted budget line for line.
- No statewide source: since the Nov. 5, 2024 constitutional amendment, each of the 33 boards of county commissioners sets its elected officials' salaries, and no state agency compiles them (DFA's County Classifications page says so; checked Oct. 23, 2026). Each county's salary resolution or budget was not collected; not yet checked, county by county.
- The amendment's adoption on Nov. 5, 2024 is taken from DFA's County Classifications page and the 2026 classification sheet; the Secretary of State's certified 2024 results were not saved here.
- Whether NMSA 1978 Sections 4-44-4 to 4-44-14 (the statutory salary caps) have been amended or repealed since the amendment was not checked; the official compilation (NMOneSource) was not read.
- The 2024 maximums were ceilings; what each county actually paid in 2024 is not in this file.
Gaps in the public money records as of the date checked.