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In some ways, it was a historic legislative moment.

The Senate Finance Committee -- renowned as being the morgue for repeated efforts to draw permanent fund money for early childhood education -- held a hearing Thursday (March 11) to discuss that proposal, known as House Joint Resolution 1.

But the committee did not vote on the legislation. Instead, as committee Chairman George Muñoz explained, the hearing was intended to educate members on the initiative before taking further action.

In some ways, it was a historic legislative moment.

The Senate Finance Committee — renowned as being the morgue for repeated efforts to draw permanent fund money for early childhood education — held a hearing Thursday to discuss that proposal, known as House Joint Resolution 1.

But the committee did not vote on the legislation. Instead, as committee Chairman George Muñoz explained, the hearing was intended to educate members on the initiative before taking further action. 

What that action will be remains unclear, although compromise and change seem likely, based on Thursday's testimony. 

A key New Mexico lawmaker on budgetary matters said state revenue could fall short of projections by $1.5 billion to $2 billion amid the COVID-19 pandemic and low oil prices - a bigger hole than legislators anticipated just two weeks ago.

The last few years of plummeting state revenues made it clear, once again, New Mexico is over-reliant on tax revenue from the oil and gas industry and the Swiss cheese construction of New …

Monique Jacobson, Gov. Susana Martinez’s new Cabinet secretary of the Children, Youth and Families Department, speaks before the Senate Finance Committee for the first time on Tuesday. L