06/12/2026
Most cities can’t pull this off.
Build big and you usually tax hard or borrow heavy. Farmington is doing neither.
The Piñon Hills Boulevard bridge just opened. The Animas River Gatewave is running. Boundless Journeys Adventure Park is funded. Lions Therapy Pool, Trails+, a new fire engine, all delivered. West Main & Broadway, Foothills Phase III, San Juan Boulevard, Water Treatment Plant upgrades, and Lead & Copper line replacement are all in the pipeline.
Meanwhile, the City of Farmington takes only 6 cents of every property tax dollar you pay. The rest goes to Farmington Schools, San Juan County, San Juan College, and the State of New Mexico. On a $265,000 home, that’s $2,100 a year total, and the City’s share funds public safety, parks, streets, and capital projects.
And the books? Reserves grew 34.6% last year to $38M. Debt is conservative at $141M against a $676M net position. Thirty-one consecutive years of national recognition from the Government Finance Officers Association for excellence in financial reporting.
This is what stewardship looks like. And it’s a big part of why the fundamentals here keep holding up, whether you’re relocating, upsizing, or just paying attention to where the smart money goes.
Source: City of Farmington FY2025 Popular Annual Financial Report. Available at farmingtonnm.gov.