Good news released May 23rd shows that New Mexico’s Land Grant Permanent Fund is now at $10.6 billion. The fund’s growth comes from two sources – investments in stocks and bonds, along with income generated from public lands. In the last three months, investments yielded $503.5 million and income added another $100.8 million to the fund.
Finding high-quality affordable child care remains one of the biggest challenges for New Mexico’s working families. Three out of five New Mexico children need care outside the home while their parents work. And as any parent knows, child care is expensive.
For some time now, New Mexico has been in the midst of a child care crisis. A tough economy led to this crisis but a lack of leadership from Santa Fe has made it worse. Over the last year, lawmakers have drastically cut the amount of child care assistance available to low-income working parents, while increasing their co-pays by 10%.