facebook-24x24

You are here: HomeNewsLocal News ReleasesRepresentative Jim Trujillo Fights to Maintain School Funding

Representative Jim Trujillo Fights to Maintain School Funding

Santa Fe, NM - Representative Jim Trujillo (D- Santa Fe-45) has filed House Joint Resolution 10, seeking to maintain funding levels for education provided through the Land Grant Permanent Fund.  HJR 10 seeks to maintain the 5.8% annual distribution of the five year historical average from the fund.
 
Since the fund was created it has grown to more than $12 billion dollars. In 2003 the allocation of resources from the return on this investment was increased from 4.7% to 5.8%, providing millions of additional dollars for school funding. By law the percentage of annual distribution will decrease in 2013, unless a constitutional amendment is approved by the voters of New Mexico.
 
Under the current sunset guidelines:
 

  • The percentage of the Land Grant Permanente Fund’s annual distribution will drop from 5.8% to 5.5% in 2013, which would result in a drop of educational funding by nearly 40 million dollars.
  • In 2016 the percentage allocated is scheduled to drop again to 5.0%, which would result in an additional cut of nearly 90 million dollars.
  • This would have devastating effects on school funding.

 
"Now is the time to break the cycle of educational failure in our schools," Rep. Trujillo said regarding HJR 10. "The permanent fund is not a savings account; it’s a resource for our children’s future. We are not taking out more than we are putting in, and we need to use this fund to subsidize our priorities in education such as early childhood education."
 
The Permanent Land Grant Fund was established by the Federal Government to help fund education in New Mexico. Rep. Trujillo believes we should live up to the expectations of this public trust and continue to invest in our most valuable resource, the children of New Mexico.
 
HJR 10 will be heard in the House Voters and Elections Committee.

You can view HJR 10 by clicking here.

Fire Alerts

Editor's Note

It's really easy to check to see if there's a classified ad, as there is right now. Just click on Classifieds in the blue menu and the page will open letting you know if there is a classified ad. Remember that your buying classified ads gives you a wide readership, as well as supporting the Beat.

PLEASE NOTE: A new FEATURE is available for your convienience in accessing The Grant County Beat.

If you subscribe to the Join GCB Three Times Weekly Updates option below this box, you will be subscribed to notifications with links to recently posted articles.

The Join GCB notifications and newsletters option below the Updates option will bring you very occasional notifications of new features or advertising deals. (it is temporarily disabled). 

Comics are now available. As the editor, I chose my favorites first--B.C. and Wizard of Id. The Beat is seeking sponsors for these comics and for your favorites, too. Contact This email address is being protected from spambots. You need JavaScript enabled to view it. for rates. 

Check Out Classifieds.

Post YOURS for quick results!

Consider the Beat your DAILY newspaper for up-to-date information about Grant County. It's at your fingertips! One Click to Local News.

Thanks for your support for and your readership of Grant County's online news source—www.grantcountybeat.com.

Join GCB Three Times Weekly Updates

Welcome to Three Times Weekly Updates!
captcha 
You can unsubscribe anytime. We never share or rent your email to anyone.
Go to top