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LOCAL COLUMN

OPINION: If $250 helps New Mexicans now, it should help every year

Published

Well, welcome to the party, governor.

Gov. Michelle Lujan Grisham is now calling for $250 rebate checks for New Mexicans, paid for by the state’s latest oil-and-gas revenue windfall. She is right. New Mexico’s energy wealth should not sit forever in the hands of Santa Fe bureaucrats. Sure, it’s the last months of her time in office, but better late than never.

The governor deserves credit for recognizing a simple truth: When oil and natural gas revenue fills the state treasury, New Mexicans deserve a direct share. But if she wants a real legacy, this cannot be another one-time political gesture.

If $250 checks are good for New Mexicans this year, they are good next year. And the year after that. New Mexico should adopt a permanent annual energy rebate for families, modeled after Alaska’s Permanent Fund Dividend.

It connects New Mexicans to the wealth created by their own state. It makes clear that natural resource revenue belongs first to the people, not to politicians, consultants or whatever new program Santa Fe dreams up next.

Alaska already understands this. Its Permanent Fund Dividend gives eligible residents an annual payment tied to the state’s resource wealth. The 2025 Alaska dividend was $1,000. New Mexico does not need to copy Alaska word for word, but it should copy the principle: When the state benefits from energy production, the people should benefit, too.

A New Mexico energy dividend could be simple. Each year, a responsible share of oil and gas revenue above a baseline should be returned directly to residents. Of course, protect reserves, fund core services and keep long-term funds healthy. But before Santa Fe spends another surplus dollar on a new bureaucracy or another climate initiative, New Mexican families should get a cut.

This is not radical. It is fair.

It would also force some much-needed honesty. Santa Fe politicians cannot praise “record revenues” on Monday, attack the source of those revenues on Tuesday, and then wonder why families are skeptical by Wednesday.

Every annual rebate would remind New Mexicans what energy production really means. It is not an abstraction. It is school clothes. It is a utility bill. It is groceries.

And yes, $250 will not solve every problem. No one should pretend otherwise. But that argument cuts both ways. If $250 is too small to matter, Santa Fe should have no problem sending it back. If it is large enough to help, then families deserve it every year.

Lujan Grisham has opened the door. Good. Send the $250 checks and make them permanent.

New Mexico should stop treating energy rebates as temporary political relief and start treating them as an annual promise. The state’s oil and gas workers produce the wealth. New Mexicans deserve more than budget charts, press conferences and lectures from another taxpayer-funded climate trip. New Mexico’s windfall belongs to families.

Not only when it is politically convenient.

Larry Behrens is an energy expert and the communications director for Power The Future. He is also author of the book “Power Restored: President Trump’s First Year and the Revival of American Energy Leadership.” Follow him on X/Twitter @larrybehrens