July 14, 2021
ALBUQUERQUE – As part of President Joe Biden’s American Rescue Plan, most Albuquerque families can expect to start receiving monthly federal Child Tax Credits this month. To ensure all eligible Albuquerque families receive their payments on time and securely, the City is encouraging those who do not have a banking account to take advantage of its Bank on Burque initiative.
Launched in June, Bank on Burque is a financial empowerment program in partnership with Cities for Financial Empowerment Fund that connects Albuquerque households with safe and affordable banking products from both national and local banks and credit unions.
“As families start to recover from the pandemic, we know these federal Child Tax Credits will be a boon in that process,” said Mayor Tim Keller. “We want to make sure every family that is eligible for these payments can receive them securely and on time.”
As many as a third of the households in Albuquerque are…