How will this initiative be funded and remain sustainable?

The program is paid for using state and federal funding. This includes:

The Early Childhood Trust Fund, created in 2020, which will produce over $300 million during the 2026 fiscal year (July 1, 2025 to June 30, 2026).

A change to the state Constitution, passed by 70% of New Mexico voters in 2022, that allows more money from the state’s Land Grant Permanent Fund to go to early childhood programs.

Money from the state general fund.

Federal money from the Child Care and Development Block Grant (CCDF) and Temporary Assistance for Needy Families (TANF), which provide over $100 million each year.

All of these funding sources help make sure that New Mexico can keep investing in Child Care Assistance for the long term.

loading…

How will this initiative be funded and remain sustainable?

Official source

The program is paid for using state and federal funding. This includes:

The Early Childhood Trust Fund, created in 2020, which will produce over $300 million during the 2026 fiscal year (July 1, 2025 to June 30, 2026).

A change to the state Constitution, passed by 70% of New Mexico voters in 2022, that allows more money from the state’s Land Grant Permanent Fund to go to early childhood programs.

Money from the state general fund.

Federal money from the Child Care and Development Block Grant (CCDF) and Temporary Assistance for Needy Families (TANF), which provide over $100 million each year.

All of these funding sources help make sure that New Mexico can keep investing in Child Care Assistance for the long term.