SANTA FE, N.M. — A $1.7 billion wave of federal pandemic relief money has arrived at New Mexico’s state treasury amid a power struggle between a Democratic governor running for reelection and leading Democratic lawmakers who draft the state budget.
State Treasurer Tim Eichenberg confirmed the deposit from the federal government. The money is linked to the American Rescue Plan Act that comes with broad discretion on shoring up state finances and the local economy.
Democratic Gov. Michelle Lujan Grisham vetoed the Legislature’s suggestions on relief spending. She has wagered an initial $5 million in relief money on a sweepstakes awards for people who get vaccinated.