Linda P. Gallegos
From the Office of the Treasurer’s Office:
SANTA FE — The New Mexico State Treasurer’s Office today announced Linda P. Gallegos as the new State Cash Manager, effective Monday, May 4, 2026.
Gallegos brings decades of public finance, treasury operations, and government leadership experience to the role, where she will oversee the state’s daily cash management functions and strengthen coordination between the State Treasurer’s Office’s (STO) Cash Management and Investment Divisions to maximize efficiency, transparency, and returns for New Mexico taxpayers.
Her appointment reflects a strong record of financial leadership and expertise across both county and state government, most recently serving as Sandoval County Assessor. Gallegos previously served as Sandoval County Deputy Treasurer, where she assisted with enhancing treasury policies and operations and improving internal controls. Her experience also includes extensive work in cash flow oversight, banking relationships, financial reporting, and long-term fiscal planning.
As a banker, Gallegos attained Series 6 and Series 63 Securities Licenses along with certifications in Selling Consumer Credit, Tax Analysis, Cash Handling, and Lending to Small Businesses.
“After a long and thoughtful search, it was clear that Mrs. Gallegos was the right person for this role,” Treasurer Laura Montoya said. “This position requires more than technical savvy; it demands trust, discipline, and a genuine commitment to public service. She has experience, leadership, and deep respect for the responsibility that comes with managing public funds. I have full confidence in her ability to strengthen this office and help us better connect our cash management and investment strategies for the benefit of New Mexicans.”
The position of State Cash Manager was established by statute within the State Treasurer’s Office in 1993. Its duties include enforcing the Federal Cash Management Improvement Act, monitoring deposits and cash balances to project short and long-term cash needs, ensuring adequate protection of state bank deposits, and preparing monthly written reports to the State Treasurer’s Investment Council (STIC) and State Board of Finance (SBOF).
“Accepting this role with the State Treasurer’s Office is a privilege and responsibility I deeply value,” Gallegos said. “I am eager to bring my skills and passion to this team.”
Treasurer Montoya extends her gratitude to Dominic Chavez, New Mexico State Treasurer’s Office Interim State Cash Manager, for his work fulfilling the statutorily required duties of State Cash Manager throughout the comprehensive search and hiring process.
The STO manages nearly $20 billion and more than 1,000 accounts.