Department of Finance and Administration - Official State of New Mexico Website

About the Department

The New Mexico Department of Finance and Administration (DFA) serves New Mexico through fiscal management support for state agencies, local governments, and community-based programs to achieve responsible and quality fiscal services for all New Mexicans. DFA received a clean audit for FY21 and remains committed to the continued improvement of the state's financial reporting. DFA was also an instrumental part in the accurate count of the 2020 Census, ensuring the promise of additional federal funding to the state.

Latest News

New Mexico picked for a 2026 top national budget conference

8/1/2025

SANTA FE – The National Association of State Budget Officers (NASBO) has selected New Mexico to host its 2026 Spring Conference, bringing top public finance officials and policy experts from across the country to Santa Ana Pueblo’s Tamaya Resort next March. “We’re...

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General Fund Information

Living • Department of Finance & Administration

Find more information on: Audit Information, Economic Indicators, Estimating Accuracy, Financial Summary, EAU General Fund Report, Revenue Estimates, Revenue Testimony, and General Fund Year to Date Revenue Accrual

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Capital Outlay Bureau

Business,Living • Department of Finance & Administration

The Capital Outlay Bureau (COB) is responsible for coordinating the funding and administration of capital projects under the statutory authority of the State Budget Division, Department of Finance and Administration.

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Federal Grants Bureau

Business • Department of Finance & Administration

New Mexico Department of Finance and Administration added the Federal Grant Bureau to the organizational structure to work directly with state agencies to track federal funding received by the state, notify agencies of federal funding opportunities available, and aid with grant applications. Lastly, staff will assist agencies with internal federal grant accounting, audit, and monitoring issues that may hold an agency back from receiving federal funds.

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Local Government Division

Business • Department of Finance & Administration

The Department of Finance and Administration, Local Government Division (LGD), provides administrative and technical support to local entities throughout the State of New Mexico.

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Wayne Propst is the Cabinet Secretary for the New Mexico Department of Finance and Administration, having been appointed to the position by Governor Michelle Lujan Grisham in January 2023. Prior to his appointment, Wayne served as the Chief of Staff to the New Mexico Public Regulation Commission (NMPRC), overseeing a staff of 100 employees and a $13 million operation budget. The NMPRC regulates public utilities (gas and electric) and has jurisdiction over pipeline safety and public transportation matters.

From 2012 to 2021, Wayne was the Executive Director of the New Mexico Public Employees Retirement Association (NMPERA) where he oversaw a $15 billion Trust Fund administered to provide a defined retirement benefit to 45,000 public sector retirees and 55,000 active public employees (state, county and city). During his time at NMPERA, Wayne help develop two comprehensive pension reform proposals that were enacted by the NM Legislature and that resulted in significant reductions to the Plans unfunded liabilities and improvement in NMPERA’s long-term solvency outlook. While at NMPERA he also oversaw a 457b deferred compensation plan with $500 million in assets under management and 20,000 participants.

Wayne is a graduate of Eastern New Mexico University and the University of New Mexico School of Law. After graduating from law school, Wayne joined the U.S. Peace Corps and served for two years in the Republic of Gabon where he trained rural farmers on how to build fishponds and raise tilapia. Wayne has also served as legislative and election consultant for the Carter Center, the International Republican Institute and the National Conference of State Legislators in Algeria, Nigeria and Somaliland.

Main Office: 505-827-4966

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