New Mexico earns 80/100 in financial transparency, ranking 19 among 50 states

New Mexico earned a total score of 80 out of 100 in Truth in Accounting’s Financial Transparency Score 2025 report, ranking 19 out of 50 states. This year’s analysis highlights both improvements and concerns in how state governments disclose their true financial condition.

The score reflects an evaluation of New Mexico’s Annual Comprehensive Financial Report (ACFR), a key document that should offer a clear picture of a government’s finances. New Mexico received a clean audit opinion, which contributed 50 points to its total. Other factors included timeliness of reporting, presence of deferred items that distort financial clarity, and how pension liabilities are disclosed.

Accurate and timely financial reporting has a direct impact on taxpayers, citizens, journalists, and even state lawmakers.

“Without accurate and timely financial information, it’s nearly impossible for citizens to hold their governments accountable,” said Sheila Weinberg, founder and CEO of Truth in Accounting.

Truth in Accounting’s report provides a roadmap for states to improve fiscal transparency, empowering citizens with the information needed to understand how public money is managed. You can explore the full report and see how New Mexico compares to others at truthinaccounting.org.