SANTA FE — The New Mexico Department of Finance and Administration (DFA) awarded $57.81 million in matching grants to 37 public entities, leveraging over $200 million in federal funding for 57 projects. Of the grants, 54% went to rural areas,...
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Moody’s Considers Upgrading New Mexico’s Bond Rating for the First Time in Over a Decade
Moody's Considers Upgrading New Mexico's Bond Rating for the First Time in Over a Decade By Ashley Leach, Director, Board of Finance Moody’s, one of the state’s bond rating agencies, recently released its Credit Opinion...
State files response to judicial employee leave policy lawsuit
State files response to judicial employee leave policy lawsuit SANTA FE - The New Mexico Department of Finance and Administration (DFA) filed a response to the Administrative Office of the Courts’s (AOC) lawsuit against the agency....
What to know about IRA’s Direct Pay opportunity
At this year’s New Mexico Infrastructure Finance Conference (NMIFC) on October 28th at the Isleta Resort and Casino, our spotlight workshop will be on the Inflation Reduction Act’s Direct Pay program, also known as Elective Pay....
DFA names Cecilia Mavrommatis as new local government division director
SANTA FE, NM—The New Mexico Department of Finance and Administration named Cecilia Mavrommatis the new Local Government Division Director. Mavrommatis comes to the position with experience serving in the military and working in federal and state...
Fiscal Year 2026 State Agency Budget Requests
Fiscal Year 2026 State Agency Budget Requests: Available for the public by Dr. Andrew Miner, DPA, Director, State Budget DivisionThe State Budget Division (SBD) of the Department of Finance and Administration is pleased to make state agency budget requests for Fiscal...
State provides $70M in zero-interest loans towards Salt and South Fork fires recovery
State provides $70M in zero-interest loans towards Salt and South Fork fires recovery  SANTA FE, NM—The New Mexico Department of Finance and Administration (DFA), in partnership with the Department of Homeland Security...
Permanent fund investments to surpass oil and gas revenue, securing New Mexico’s future by 2039
Permanent fund investments to surpass oil and gas revenue, securing New Mexico’s future by 2039 Albuquerque, NM — The state's Consensus Revenue Estimating Group (CREG) is projecting that permanent fund investments in...
General Fund revenue to increase by 2.8% for FY26
General Fund revenue to increase by 2.8% for FY26 RUIDOSO, NM — The state’s Consensus Revenue Estimating Group (CREG) presented to the Legislative Finance Committee today, projecting a 2.8% increase in General Fund revenue to $13.4...