New Mexico rebate checks of up to $1,000 will hit the bank accounts of eligible residents as early as mid-June. The state is expected to return more than $673 million to New Mexico taxpayers due to a fiscal year surplus from high oil prices.
“Prices for basic necessities continue to be high across the nation,” New Mexico Gov. Michelle Lujan Grisham said in a statement. “Our state today is in a fantastic financial position, and it’s important to me that New Mexico’s families are sharing in that success.”
