March 05, 2009

N.M. Congressional Delegation Unveils Recovery Package Resource Guide

Resource Will Help Maximize Funds for New Mexico

WASHINGTON - The New Mexico congressional delegation today unveiled a resource guide designed to help ensure that New Mexico can make the most of the economic recovery package enacted into law last month.


U.S. Senators Jeff Bingaman and Tom Udall, and Representatives Martin Heinrich, Ben Ray Lujàn and Harry Teague said the guide contains necessary contact information and other key resources New Mexicans will need to tap into recovery funds.


"Our top priority is to help get our economy back on track. That is why we worked to improve and pass the American Recovery and Reinvestment Act of 2009, a historic $787 billion economic recovery package that will invest over $1.8 billion in New Mexico. For our state, this funding could not come at a more critical moment. Unemployment is rising. Home prices are declining. New Mexico communities, struggling to maintain critical jobs and services, are faced with nearly $575 million in state revenue shortfalls this year alone. Funding from the American Recovery and Reinvestment Act is intended to help reduce the length and severity of this recession for New Mexico families," the delegation said.


Congress passed the American Recovery and Reinvestment Act last month, and President Obama signed it into law February 17. New Mexico will receive nearly $2 billion in formula funding, unemployment insurance, and Medicaid. The state also is eligible to apply for competitive grant funding.


"It is imperative that our families, businesses and municipalities have the information they need to access these funds as quickly as possible. To assist in this effort, and to provide information about the programs and funding opportunities available to individuals, communities and businesses in New Mexico, we have assembled this resource guide to the American Recovery and Reinvestment Act," the delegation said.


The guide is available at: