SANTA FE, N.M. (AP) — New Mexico is delivering the first in a series of direct payments to the state’s adult residents to offset higher consumer costs brought on by inflation.
Individual taxpayers who receive direct deposit rebates are scheduled to receive $250 as early as Thursday and couples are set to get $500.
Checks for another 200,000 taxpayers will arrive in the mail in coming weeks.
The payments are among $1.1 billion in tax relief and payouts authorized by state lawmakers.
High fuel prices are hurting household finances as New Mexico’s state government benefits financially from record-setting oil production in the Permian Basin.
