zlacker

>>toomuc+(OP)
Sounds great.

>average annual family savings of $12,000 per child.

How is NM paying for this? They currently have a 'D' grade from Truth in Accounting[1] with a $9.8 billion debt burden driven by unfunded obligations of pension and retiree health care

[1]https://www.truthinaccounting.org/library/doclib/NM-2020-2pa...

>>CGMthr+hr
child care policy frees labor capacity for work that is more likely to earn a slice of the national income. It’s almost certainly going to result in greater economic activity for the state. In the immediate it is funded from two existing funds.

>>anothe+Jy
State + local tax burden in NM is 10.2%[1]. Revenue neutral would mean those taking the child care would instead take a job with average salary $120,000. But as another comment points out this policy attracts new jobs to the state, which complicates the math

[1]https://taxfoundation.org/location/new-mexico/

>>CGMthr+zk1
Income tax is not the only revenue that the state and local governments capture when production increases.