{"id":39606,"date":"2022-07-07T16:07:37","date_gmt":"2022-07-07T22:07:37","guid":{"rendered":"https:\/\/dh.durangoherald.com\/tj\/new-mexico-school-trust-feels-pressure-voters-weigh-changes\/"},"modified":"2022-07-07T22:07:37","modified_gmt":"2022-07-07T22:07:37","slug":"new-mexico-school-trust-feels-pressure-voters-weigh-changes","status":"publish","type":"post","link":"https:\/\/dh.durangoherald.com\/tj\/new-mexico-school-trust-feels-pressure-voters-weigh-changes\/","title":{"rendered":"New Mexico school trust feels pressure; voters weigh changes"},"content":{"rendered":"<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=b623dbe8-e7fa-5260-b47c-d0f38b66fb9c&#038;function=cover&#038;type=preview&#038;source=false&#038;width=2000\" width=\"2000\" height=\"1315\" alt=\"Spanish teacher Titi Martin-Borregon teaches fourth grade Spanish\/English dual language class students at the New Mexico International School in Albuquerque, N.M., on May 23. (Cedar Attanasio\/Associated Press file)\" class=\"naviga-image\" loading=\"lazy\" \/><figcaption><span class=\"caption\">Spanish teacher Titi Martin-Borregon teaches fourth grade Spanish\/English dual language class students at the New Mexico International School in Albuquerque, N.M., on May 23. (Cedar Attanasio\/Associated Press file)<\/span><span class=\"credit\">Cedar Attanasio<\/span><\/figcaption><\/figure>\n<p>SANTA FE \u2013 State investments are being buffeted by turbulent financial markets as New Mexico voters consider whether to divert more money each year toward early childhood education programs.<\/p>\n<p>A report Thursday from the Legislature\u2019s budget and accountability office shows that the state\u2019s four major public pension and permanent funds shrank by about $825 million during the first three months of the year amid a federal interest-rate hike, the Russian invasion of Ukraine and a wave of COVID-19 infections.<\/p>\n<p>The losses are a tiny share of the funds\u2019 $66.3 billion valuation that grew by 40% over the past five years \u2013 a $19 billion surge.<\/p>\n<p>A statewide referendum in November will decide whether to increase annual distributions slightly from the state\u2019s nearly $26 billion Land Grant Permanent Fund. That fund is sustained by investment returns along with oil extraction and other natural resource development on state trust lands.<\/p>\n<p>Currently 5% of the fund balance each year goes mainly toward public schools and universities. The referendum would increase the rate to 6.25% to provide about an additional $200 million to public education.<\/p>\n<p>The increased withdrawals would go toward public school funding for at-risk students and early childhood education programs.<\/p>\n<p>Advocates for the increase want to expand programs such as pre-K, child care assistance and voluntary home-visits to new parents. Critics worry the changes undermine the growth and sustainability of trust.<\/p>\n<p>The referendum would amend to the state\u2019s constitution and also requires authorization from Congress.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spanish teacher Titi Martin-Borregon teaches fourth grade Spanish\/English dual language class students at the New Mexico International School in Albuquerque, N.M., on May 23. (Cedar Attanasio\/Associated Press file)Cedar Attanasio SANTA FE \u2013 State investments are being buffeted by turbulent financial markets as New Mexico voters consider whether to divert more money each year toward early [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":39607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[815,138],"naviga_topic":[],"class_list":["post-39606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-associated-press-new-mexico","tag-new-mexico"],"acf":[],"author_name":"dh_admin","_links":{"self":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/39606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/comments?post=39606"}],"version-history":[{"count":0,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/39606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media\/39607"}],"wp:attachment":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media?parent=39606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/categories?post=39606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/tags?post=39606"},{"taxonomy":"naviga_topic","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/naviga_topic?post=39606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}