Stimulus update: $400 direct one-time payments to be sent out after New Mexico deadline
New Mexico is now beginning to go through applications and lay the groundwork to roll out a fourth economic stimulus check worth at least $400.
The deadline for the program was Sunday, and the program is aimed at alleviating fiscal pressure afflicting low-income residents of the Land of Enchantment State. Payments are expected to be delivered by late November, according to the state.
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“Many low-income New Mexico families have experienced substantial economic and personal losses,” Angela Medrano, deputy secretary for the New Mexico Human Services Department, explained. “These funds will help people in our communities who need the extra money to help feed and house their families.”
Precise eligibility requirements to receive a payment have not been laid out. A limited number of applicants will receive payments. The state allocated $10 million to the program and will decide who receives payments based on the need of the applicant.
“Depending on the number of eligible applications, the funds can be distributed accordingly,” a spokesperson told KROE News 13. “Our hope is that we get a good amount of applications so that we can serve the people who need it the most.”
Beneficiaries of the fourth stimulus program will get payments via direct deposit or check. The government will inform those who win approval via snail mail or email before dispatching payments.
Applications for the initiative opened on Sept. 26 and closed Oct. 9 at 5 p.m.
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Numerous states have enacted similar programs to combat inflation and rising prices at the gas pump. Funding for the initiative was given the green light during the state’s 2022 legislative session.
Additional information can be found on the YES New Mexico website.