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STATE GOVERNMENT FINANCES: 2007
STATE: NEW MEXICO
(Thousand Dollars)
 
Source: 2007 Annual Survey of State Government Finances. Data users who create their own estimates using
data from this report should cite the U.S. Census Bureau as the source of the original data only. The data in
this table are based on information from public records and contain no confidential data. Although the data in
this table come from a census of governmental units and are not subject to sampling error, the census results
do contain nonsampling error. Additional information on nonsampling error, response rates, and definitions
may be found at http://www2.census.gov/govs/state/07_methodology.pdf.

Item       Amount      
Total revenue      17,103,483
       
    General revenue      12,993,907
        Intergovernmental revenue      4,219,834
        Taxes      5,527,217
            General sales      1,936,640
            Selective sales      710,261
            License taxes      244,441
            Individual income tax      1,177,918
            Corporate income tax      459,880
            Other taxes      998,077
       
        Current charges      991,898
        Miscellaneous general revenue      2,254,958
       
    Utility revenue      0
    Liquor stores revenue      0
    Insurance trust revenue(1)      4,109,576
       
Total expenditure      14,907,222
    Intergovernmental expenditure      4,144,807
    Direct expenditure      10,762,415
        Current operation      7,922,353
        Capital outlay      1,016,784
        Insurance benefits and repayments      1,250,392
        Assistance and subsidies      237,591
        Interest on debt      335,295
Exhibit: Salaries and wages      2,049,143
       
Total expenditure      14,907,222
General expenditure      13,640,705
        Intergovernmental expenditure      4,144,807
        Direct expenditure      9,495,898
       
    General expenditure, by function:       
        Education      4,844,691
        Public welfare      3,115,615
        Hospitals      734,720
        Health      447,156
        Highways      996,883
       
        Police protection      168,929
        Correction      341,179
        Natural resources      213,460
        Parks and recreation      71,399
        Governmental administration      486,071
       
        Interest on general debt      335,295
        Other and unallocable      1,885,307
       
    Utility expenditure      16,125
    Liquor stores expenditure      0
    Insurance trust expenditure      1,250,392
       
Debt at end of fiscal year      7,323,101
       
Cash and security holdings      47,610,559

(1) Within insurance trust revenue, net earnings of state retirement systems
is a calculated statistic (the item code in the data file is X08), and thus can be
positive or negative. Net earnings is the sum of earnings on investments plus gains on
investments minus losses on investments. The change made in 2002 for asset valuation
from book to market value in accordance with Statement 34 of the Governmental
Accounting Standards Board is reflected in the calculated statistics.
 
 
Created: November 19, 2008
Last Revised:   December 14, 2011


Source: U.S. Census Bureau | State Government Finances | (800) 242-4523| govs.public.finance.analysis.b@census.gov |  Last Revised: December 14, 2011