Posted at: 02/18/2014 9:12 AM
By: The Associated Press
Photo: KOB File Photo
SANTA FE (AP) - A proposal to boost funding for early childhood education has stalled in a Senate committee with time running out in the legislative session.
The measure was tabled by the Finance Committee on 8-2 vote Monday night, likely dooming the proposal.
The Legislature adjourns on Thursday.
The proposal by Senate Majority Leader Michael Sanchez would change the state constitution to increase how much is allocated annually from the $13 billion Land Grant Permanent Fund.
Supporters say the measure would provide $160 million a year for early childhood programs that could help kids succeed in school and later in jobs.
Opponents contend the proposal would slow the fund's growth, lessening payouts for future generations.
If lawmakers endorsed the proposal, it would be placed on the November general election ballot for voter approval.
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