Payments are being sent to 550,000 New Mexico taxpayers through direct deposit

Polarbear

Gov. Lujan Grisham announced the first round of economic relief payments will be sent in the next few days through direct deposit. Paper checks for another 200,000 taxpayers will begin going out in the following days and will continue to over the next few weeks.

Earlier, a $698 million proposal to issue a hefty new round of tax rebates and cash payments won bipartisan approval in a special session of the state legislature which was signed by the Governor. New Mexicans who filed a tax return do not need to do anything to receive their payment. Payments will come in the form of a direct deposit or by check, whichever was chosen on your tax return.

Gov. Michelle Lujan Grisham said in a statement:

Starting today and throughout the summer, we are putting nearly half a billion dollars back into the pockets of New Mexicans. Across the country, Americans are grappling with the high costs of essentials. Here in New Mexico, we are doing all we can to provide relief to New Mexico’s families.Taxation and Revenue employees are working as quickly as possible to get this much-needed cash back to taxpayers.

New Mexico state government is enjoying a financial windfall due to record oil production in the Permian Basin and recorded a budget surplus of $1.6 billion last year.

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