SANTA FE, N.M. (AP) — A new estimate shows that successive rounds of federal economic relief since the outset of the coronavirus pandemic will deliver an estimated $18.9 billion in money and services to New Mexico. The Legislature's budget and accountability office published the estimate on Monday. A broader analysis will be presented to lawmakers later this week. The aid to one of the nation's poorest states dwarfs New Mexico's annual general fund spending of $7.4 billion. The tally of federal aid includes supplemental unemployment benefits, forgivable loans to businesses to support payroll, payments to healthcare providers, support channeled through the Federal Emergency Management Agency and more.
New Mexico assigned nearly $19 billion in federal aid so far
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