Discussion:
New Mexico set to roll out $690M in taxpayer rebates after budget surplus
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Buying Voters
2023-06-14 08:23:13 UTC
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Riiiiight. New Mexico has a "surplus"? New Mexico has nothing but rocks
and sand.

Something smelly this way comes.

SANTA FE, N.M. (AP) — New Mexico expects to start distributing $690
million in rebates to eligible taxpayers as early as next week, state
officials announced Monday as applications for a separate tax relief
program opened.

Any state resident who filed a 2021 state tax return and was not declared
as a dependent on someone else’s return will receive their rebates
automatically, the New Mexico Taxation and Revenue Department said at a
news conference.

Single filers will get $500, while married couples filing jointly will get
$1,000.

Stephanie Schardin Clarke, the department's Cabinet secretary, said
rebates will be deposited around June 21 into the bank accounts of
taxpayers who received a refund by direct deposit on their 2021 return.
Everyone else will get a check in the mail, which will be printed and sent
out between June 20 and June 29, she said.

New Mexico residents have until May 31, 2024, to file a 2021 return and
still qualify for the rebates.

Those who aren't required to file a state tax return because of their
income can apply for relief payments on a first-come, first-served basis
through the state’s Human Services Department. Applications opened Monday
and will be accepted through close of business on June 23.

Gov. Michelle Lujan Grisham announced the tax rebates in April, as a
result of a multibillion-dollar surplus in oil income.

At the time, Lujan Grisham noted that prices remain high in a state with
elevated poverty rates and low workforce participation, but said New
Mexico “is in a fantastic financial position.”

https://www.sfchronicle.com/news/article/new-mexico-set-to-roll-out-690m-
in-taxpayer-18148624.php
Scout
2023-06-14 15:14:22 UTC
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Post by Buying Voters
Riiiiight. New Mexico has a "surplus"? New Mexico has nothing but rocks
and sand.
Something smelly this way comes.
SANTA FE, N.M. (AP) - New Mexico expects to start distributing $690
million in rebates to eligible taxpayers as early as next week, state
officials announced Monday as applications for a separate tax relief
program opened.
Seems to me that servicing their $7.5 Billion dollar debt to reduce interest
payments on that debt would be a much better use of such a surplus.
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