New Mexico Fully Expends $1.25 Billion Allocated Through Coronavirus Relief Fund Under 2020 CARES Act

STATE News:

SANTA FE — The New Mexico Department of Finance and Administration (DFA) has announced the final Coronavirus Relief Fund expenditure report, an allocation under the 2020 CARES Act.

The entire $1.25 billion was distributed across the state with zero dollars reverted back to the U.S. Treasury.

These funds covered costs that were necessary expenditures incurred due to the public health emergency for the period beginning March 1, 2020, through Dec. 30, 2021. 

The Coronavirus Relief Fund provided funds to state, territorial, local, and tribal governments to respond directly to the COVID-19 pandemic. These funds addressed medical and public health needs, expenditures incurred to respond to second-order effects of the emergency, and economic support to those suffering from employment or business interruptions due to COVID-19-related business closures.  

“We learned a lot implementing the CARES Act funds, and those lessons are helping us successfully continue to distribute other substantial federal funds so we can help New Mexicans across the state in the same way,” DFA Secretary Debbie Romero said. “I’m pleased to say DFA completed the distribution of these funds expeditiously and equitably while ensuring every penny was put to good use.”

Highlights:  

Albuquerque/Bernalillo County Portion  $182,182,506
Local Government Assistance  $150,137,710
Tribal Government Assistance  $25,882,160
State Government Allocation  $891,797,623
    Improved Telework Capabilities of Public Employees  $906,589
    Facilitated Distance Learning  $1,332,605
    Nursing Home Assistance  $1,476,786
    Administrative Expenses  $2,562,016
    Other Eligible Expenses  $3,121,860
    Food Programs  $5,881,872
    Economic Support (Other than Small Business, Housing, and Food Assistance)  $7,180,000
    Medical Expenses  $7,649,256
    Public Health Expenses  $13,214,148
    Personal Protective Equipment  $15,949,424
    Housing Support  $16,023,625
    COVID-19 Testing and Contact Tracing  $22,417,705
    Small Business Assistance  $97,482,000
    Unemployment Benefits  $196,518,000
    Payroll for Public Health and Safety Employees  $500,081,736

For more information, visit DFA CARES Act.

LOS ALAMOS

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