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New Mexico Treasurer

Treasurer · New Mexico

Laura Montoya won re-election by 19.6 points over Jim Ellison.

Laura MontoyaDemocrat · winner · incumbent
59.8%426,792
Jim EllisonRepublican
40.2%286,964
713,756 votes

Source: New Mexico Secretary of State unofficial resultsUpdated Nov 7, 2026, 12:46 PM ET

Where the race moved

Against the 2024 presidential vote

Every county, 2024 to 2026

Each dot is a county, sized by votes cast and colored by who carried it in 2026. Dots above the line moved toward Montoya compared with the 2024 presidential vote; 32 of 33 did. The largest shift among the bigger counties: Rio Arriba, +22.0 points.

R+70R+70R+35R+35EvenEvenD+35D+35D+70D+70Moved toward Democrats ↑↓ Moved toward RepublicansBernalilloSanta FeDona AnaSandovalSan JuanValencia2024 presidential margin →2026 margin →

Source: civicAPI county results (unofficial); 2024 president: MEDSL precinct returnsUpdated Nov 7, 2026, 1:34 PM ET

The seat's recent races

EvenD+15.82018 RaceD+6.32022 RaceD+6.12024 Pres.D+19.62026 Race

Source: Past results: 99chambers results archive (MEDSL, Klarner, state election offices)

By county

CountyShareMarginShift
BernalilloD+30.2+8.8
Santa FeD+57.6+7.9
Dona AnaD+30.0+20.0
SandovalD+12.0+6.2
San JuanR+18.5+13.6
ValenciaD+0.1+16.6
McKinleyD+45.6+20.7
OteroR+13.9+13.5
Show 25 more
EddyR+42.1+14.4
ChavesR+29.7+15.7
TaosD+62.9+14.5
LeaR+41.4+20.9
Rio ArribaD+41.7+21.9
GrantD+21.0+15.8
CurryR+28.9+14.3
Los AlamosD+28.2−2.4
San MiguelD+45.2+16.9
LincolnR+32.7+6.3
CibolaD+21.6+20.0
LunaD+8.8+28.0
SocorroD+18.6+22.4
TorranceR+26.0+12.9
RooseveltR+33.6+10.4
SierraR+7.9+11.5
ColfaxR+1.0+13.3
QuayR+29.6+12.1
MoraD+41.1+23.5
CatronR+41.1+9.5
GuadalupeD+31.8+31.0
HidalgoD+0.1+23.7
UnionR+40.6+12.4
De BacaR+45.3+7.0
HardingR+29.2+10.6

Bar: share of the state's vote. Shift: change in margin from the 2024 presidential vote, + toward Democrats.

Source: civicAPI county results (unofficial); 2024 president: MEDSL precinct returnsUpdated Nov 7, 2026, 1:34 PM ET

Pre-election forecast (final, Nov 3)

Our model's last run before Election Day, Nov 3, 2026. It no longer updates.

Laura Montoya
99%
Jim Ellison
1%
Projected margin
D+17.8
How the forecast works →

The candidates

Laura Montoya (D)
Incumbent state treasurerJim Ellison (R)
Former New Mexico Public Regulation Commissioner (2023–2024) (write-in)

Also on this ballot here

U.S. SenateD+26.5
GovernorD+14.7
Attorney GeneralD+26.0
Secretary of StateD+21.9
AuditorD+21.0

Results within this state. Source: Results and race calls: New Mexico Secretary of State (unofficial)Updated Nov 7, 2026, 12:46 PM ET