New Mexico governor signs bill giving state residents relief money as prices continue to rise

New Mexico Governor Michelle Lujan Grisham signed a new bill this week that will deliver relief money to the hands of New Mexican residents as inflation soars and prices of everyday items continue to rise.

The bill, HB2, will distribute $500 to single tax filers and $1,000 to joint filers. The funds will be distributed over two equal payments in June and August. Along with another piece of legislation signed by Grisham last month, the total amount of relief aid for each state resident will be up to $1,500.

“Today I am glad to enact legislation easing the burden of high national prices, putting money in New Mexicans’ pockets and protecting their paychecks,” Lujan Grisham said. “I thank the Legislature for acting quickly and answering my call to deliver economic relief to New Mexicans.”

“When you look at the accomplishments that have been achieved when it comes to tax relief for New Mexicans, this is the icing on top of the cake,” said Senate Majority Leader Peter Wirth (D-Santa Fe).