Governor Proposes $250 Tax Rebate | Santa Fe News

Governor Michelle Lujan Grisham is proposing a $250 rebate for New Mexico taxpayers to ease soaring gas prices, funded by the state’s oil and gas surplus—costing $300 million and reaching over 1.2 million residents. To pass it, she’d need a special legislative session, her eighth if she proceeds, sparking debate over timing and political motives ahead of elections. Public opinion is divided: some welcome the cash, others demand permanent tax cuts, especially eliminating the personal income tax and exempting retirement income. Critics question the cost of a special session versus long-term reform, but the proposal is clearly designed to ignite a broader conversation about how New Mexico spends its money. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/abaeb3e3fa501e69