As the state prepares to consolidate most services for its youngest residents in a newly created department, the House Education Committee on Wednesday approved a pair of measures with different strategies for funding an expansion of programs for children from birth to age 5. Neither idea is new, and both — which head to the full House of Representatives for consideration — rely heavily on the state’s recent windfall of oil and gas revenues. But one measure drew wide support in a committee room crowded with a diverse array of proponents on both sides of the political aisle, while the other — which would create a far larger revenue stream for New Mexico’s kids — intensified an ongoing clash over the potential risks and rewards of tapping an investment fund that now holds nearly $20 billion. The debate suggested that although most state leaders favor increases in early childhood services in an effort to improve education and economic outcomes, the surge in funding some advocates have sought for years isn’t likely to come in this legislative session. “This bill has been before you for far too long,” Paul Gibson, co-founder of the social activist group Retake Our Democracy, told the House Education Committee, urging lawmakers to move forward House Joint Resolution 1 — which would let New Mexico voters decide on a constitutional amendment calling for a 1 percent withdrawal from the state’s Land Grant Permanent Fund.
A bill calling for a new endowment to create a revenue stream for early childhood programs was approved Monday by the Senate Education Committee — surviving its first test in the Legislature. Under Senate Bill 3, sponsored by Sen. John Arthur Smith, D-Deming, and Rep. Doreen Gallegos, D-Las Cruces, the Early Childhood Education and Care Fund would get its first infusion of cash, $320 million, in fiscal year 2021. It would then get annual distributions from the state’s oil and gas emergency school tax and revenue from federal mineral leases until it reaches at least $1 billion. The Senate Education Committee unanimously voted in favor of the bill. Smith told lawmakers on the committee the fund would distribute $20 million for public and private early childhood education programs around New Mexico in its first year.
Top lawmakers on Monday rolled out a proposed $7 billion state budget that would include a whopping $600 million for public works projects around New Mexico as the government’s coffers swell with a windfall of revenue from an oil and gas boom. The Legislative Finance Committee’s proposed budget would mark almost an 11 percent increase in spending by the state. That is less than what Gov. Michelle Lujan Grisham has proposed in her own version of the state budget, which would raise spending by about 13 percent. But as lawmakers prepared to convene Tuesday for a 60-day legislative session, leaders indicated they are not far off from an agreement with the new governor when it comes to some spending on the issue that is sure to dominate the agenda: education. Faced not only with a judge’s order to come up with ways of improving education for many of the state’s most vulnerable students but also with a bright financial outlook in the short-term, legislators echoed Lujan Grisham’s own call to greatly increase funding for New Mexico schools.