A New Idea For NM’s Permanent Fund
By Dan McKay / Albuquerque Journal Staff Writer
New Mexico lawmakers have repeatedly debated whether to pull more money out of the state’s largest permanent fund to help pay for early childhood education programs.
But in a legislative meeting Thursday, the state investment officer suggested a different approach.
Why not, he asked, leave the 5 percent distribution alone, but instead earmark a portion of the annual revenue growth that happens anyway?