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State Government Finances: 2003
(Dollar amounts in thousands. Per capita amounts in dollars)
Item NEW MEXICO
Amount Per Capita
   
Population (thousands, 2003) 1,879  X
   
Total Revenue                     9,847,659                       5,240.90
   
   General revenue                     9,007,272                       4,793.65
      Intergovernmental revenue                     3,220,765                       1,714.08
      Taxes                     3,607,156                       1,919.72
         General sales                     1,368,200                          728.15
         Selective sales                        505,220                          268.88
         License taxes                        152,092                           80.94
         Individual income tax                        923,113                          491.28
         Corporate income tax                        101,546                           54.04
         Other taxes                        556,985                          296.43
   
      Current charges                        693,076                          368.85
      Miscellaneous general revenue                     1,486,275                          790.99
   Utility revenue                                  -                                  -
   Liquor store revenue                                  -                                  -
   Insurance trust revenue                        840,387                          447.25
   
Total expenditure                   10,672,603                       5,679.94
   Intergovernmental expenditure                     2,951,328                       1,570.69
   Direct expenditure                     7,721,275                       4,109.25
      Current operation                     5,853,821                       3,115.39
      Capital outlay                        432,775                          230.32
      Insurance benefits and repayments                        958,821                          510.28
      Assistance and subsidies                        300,597                          159.98
      Interest on debt                        175,261                           93.27
Exhibit: Salaries and wages                     1,694,661                          901.90
   
Total expenditure                   10,672,603                       5,679.94
   General expenditure                     9,713,782                       5,169.66
      Intergovernmental expenditure                     2,951,328                       1,570.69
      Direct expenditure                     6,762,454                       3,598.96
   
   General expenditures, by function  
      Education                     3,677,414                       1,957.11
      Public welfare                     2,410,880                       1,283.07
      Hospitals                        446,538                          237.65
      Health                        290,949                          154.84
      Highways                        818,750                          435.74
   
      Police protection                        109,352                           58.20
      Correction                        264,845                          140.95
      Natural resources                        179,821                           95.70
      Parks and recreation                          55,581                           29.58
      Government administration                        363,784                          193.61
   
      Interest on general debt                        175,261                           93.27
      Other and unallocable                        920,607                          489.95
   
   Utility expenditure                                  -                                  -
   Liquor store expenditure                                  -                                  -
   Insurance trust expenditure                        958,821                          510.28
   
Debt at end of fiscal year                     4,601,117                       2,448.71
   
Cash and security holdings                   29,826,816                     15,873.77
Abbreviations and symbols:  -  zero or rounds to zero;  (NA)   not available;  X   not applicable
2003 Population source: Table NST-EST2004-01 - Annual State Population Estimates:  July 1, 2004,  Population Division, U.S. Census Bureau,
   released December 22, 2004.
Created: April 04 2005
Last Revised: May 14 2010