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New Mexico governor proposes $250 tax rebate from projected $825M oil windfall

Michelle Lujan Grisham says the rebate would return an estimated $250 million to at least 1 million taxpayers.

Summary by KOB 4
ALBUQUERQUE, N.M. — New Mexico Gov. Michelle Lujan Grisham is proposing a $250 rebate from a projected $825 million oil windfall to the state. The governor proposed the rebate in an op-ed published Saturday in the Albuquerque Journal. “It’s no secret that New Mexico’s finances rise and fall with oil prices — and right now, prices are high. That’s good news for state coffers and it should be good news for New Mexicans, too,” she wrote. The govern…

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KOB 4 broke the news in Albuquerque, United States on Monday, June 29, 2026.
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