New Mexico Trust Fund and Pre-K

The video discusses Constitutional Amendment 1 (CA1) in New Mexico, which proposes increasing the annual withdrawal from the state's trust fund from 5% to 6.25% to fund free pre-K for all children. The trust fund, valued at $26 billion, is primarily funded by oil and gas revenues. The amendment aims to replace federal relief funds that previously supported pre-K programs. Voters will find CA1 on the back of their ballots during elections.

Why is Constitutional Amendment One particularly important for New Mexico residents with young children?

• It increases funding for public libraries.

• It provides free healthcare for children.

• It offers free pre-K education for every child.

• It reduces taxes for families with children.

What was the initial source of funding for New Mexico's free pre-K program?

• State taxes

• Private donations

• Federal COVID-19 relief funds

• Local government grants

Where does New Mexico's trust fund get its money from?

• Oil and gas revenues from public lands

• Federal grants

• Tourism revenues

• Sales taxes

What is the current annual withdrawal rate from New Mexico's trust fund for public services?

• 3%

• 4%

• 5%

• 6%

How much additional funding would the proposed increase to 6.25% generate?

• $250 million

• $200 million

• $100 million

• $150 million

What is the purpose of the proposed increase in the withdrawal rate from the trust fund?

• To build new schools

• To fund free pre-K for every child

• To increase teacher salaries

• To reduce state debt

Where can voters find CA1 on the ballot?

• In the middle of the ballot

• On the back of the ballot

• At the top of the ballot

• On a separate sheet