State Treasurer
November 3, 2026 · New Mexico · Statewide · general
How do we calculate vote impact?
Vote impact = representation (how much weight one vote carries here, the smaller the district's population, the higher the representation) + decisiveness (how likely this race is to be close, based on past results and number of candidates).
Representation: High · 69 out of 100
Smaller districts give each vote more weight, and this district is small for its type. About 2,120,246 people live here.
score = 100 × ln(largest population ÷ this district's) ÷ ln(largest ÷ smallest), rounded to 2 decimals = 100 × ln(39,287,377 ÷ 2,120,246) ÷ ln(39,287,377 ÷ 582,397) = 69.32, comparing all statewide districts nationwide (grades: 66+ high, 33+ average, otherwise low)
Decisiveness: Unknown
No past results for this contest yet.
High representation + unknown decisiveness → High vote impact.
Some data is missing, so this rating is based on partial information and capped at "High".
State Treasurer is responsible for:
- Managing the state's bank accounts and day-to-day cash
- Investing state money until it is needed
- Managing state debt, such as bonds — money the state borrows and pays back over time
- Paying out state funds as the law directs
Affected Areas: Anti-Corruption, Government Efficiency, Government Spending Reduction
Candidates
Jim Ellison
Republican · declared
Republican nominee for New Mexico State Treasurer in 2026 (James F. Ellison). Former commissioner of the New Mexico Public Regulation Commission.
Laura M. Montoya
Democratic · Incumbent · declared
Incumbent Democratic New Mexico State Treasurer (since 2023), seeking re-election in 2026. First elected female State Treasurer in New Mexico.
Election sources
Source: en.wikipedia.org
Source: thegreenpapers.com