More than 1.1 million people to receive economic support in NM

NEW MEXICO – Governor Michelle Lujan Grisham signed a House bill to deliver hundreds of millions of dollars in support to New Mexico households after calling the Legislature into special session to bring economic relief to New Mexicans amid rising prices.

“I am pleased to enact legislation that eases the burden of high national prices by putting money in the pockets of New Mexicans and protecting their paychecks,” said Gov. Lujan Grisham.

As part of the initiative, the New Mexico government built on the $500 million in tax relief enacted earlier this year to deliver up to $1,500 in family support to more than one million New Mexicans.

Totaling $698 million, the enacted economic relief measure will automatically send payments of $500 to single filers and $1,000 to joint filers.

The funds will be distributed in two equal parts in June and August. Along with the rebate checks to be distributed in July as a result of additional legislation enacted by Lujan Grisham last month, more than 1.1 million New Mexicans will receive up to $1,500 to help offset the high price of gasoline, groceries and goods, delivering just over $1 billion to taxpayers.

The legislation also allocates $20 million to provide economic relief payments to New Mexicans who do not file taxes, including seniors on fixed incomes and low-income families.

The governor also signed a Senate Bill that allocates $50 million to community projects across the state in a supplemental “minor” spending program.

Source: MEXICONOW Staff