Economy
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RGF president discusses massive cost of MLG’s “free” childcare plans on KOAT 7
RGF has raised concerns about the impact of the Gov’s plans to expand “free” child care to those New Mexico families who make MORE THAN 400% of the federal poverty level (about $128,000 for a family of four). Is the program financially sustainable at a time of moderating oil revenues? According to the Legislative Finance Committee, the Legislature’s own internal “think tank” the Gov’s plan will increase the annual price tag of “free childcare” from $450 million annually to $850 million.
We sat down with KOAT 7 to discuss this issue for an indepth report. Click on the image below to watch the full story.
