Fiscal Year 2026 Executive Budget Recommendation by Dr. Andrew Miner, DPA, Director, State Budget DivisionThe fiscal year 2026 Executive Budget Recommendation totals $10.9 billion in recurring general fund appropriations, an increase of $720 million, or 7.0%, over the...
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State leverages over $200 million in federal funding through $57.81 million in matching grants to 37 public entities
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, including Lincoln County...
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 Report. The report cited New Mexico’s...
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. DFA’s response aims to protect the...
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. There’s a lot of buzz around this...
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 government, most...
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 Emergency Management (DHSEM), have awarded $70...
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 New Mexico will surpass oil and gas as the state’s...