State Senate braces for debate on preschool funding | KOB 4
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State Senate braces for debate on preschool funding

State Senate braces for debate on preschool funding

The Associated Press
February 09, 2018 09:20 AM

SANTA FE, N.M. (AP) - Members of the New Mexico state Senate are bracing for a heated debate about whether to increase funding for early childhood education by distributing more money from a multibillion-dollar sovereign wealth fund.

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An education committee meeting was moved on Friday to a larger venue on the Senate floor to provide room for a large audience.

The House has endorsed a constitutional amendment to increase annual distributions from the $17 billion Land Grant Permanent Fund to early childhood education programs. If approved by the Senate, the measure would go to a general election vote in November.

Critics say the plan risks drawing too much money each year from a fund seen as a trust for future generations.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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The Associated Press

Copyright 2018 The Associated Press. All rights reserved.

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