NEW MEXICO (KRQE) – Governor Michelle Lujan Grisham wants lawmakers to funnel more money into early childhood education. To achieve that goal, the administration is pushing House Bill 83, which would create a trust fund for early education programming using revenue from the state’s oil boom. The bill is sponsored by Doreen Y. Gallegos (D) – Majority Whip and John Arthur Smith (D) Dona Ana, Hidalgo, Luna and Sierra Counties.
Should the bill pass, it will begin with a $320 million appropriation from the general fund in 2021. Each year after, the fund would increase based on revenue from the emergency school and federal mineral leasing taxes.