Washington voters are deciding on the fate of the state's capital gains tax this election. The tax supports child care and schools.

If passed, Initiative 2109 would repeal a 7% tax on capital gains for assets worth more than $250,000. Supporters of the repeal said capital gains taxes are volatile and it could lead to an income tax down the road.

Wesley Tharpe, senior adviser for state tax policy at the Center on Budget and Policy Priorities, noted 42 states have capital gains or income taxes and capital gains taxes are one of the most effective tools to balance out tax codes.

"Things like personal income taxes, corporate income taxes, capital gains taxes, those are going to collect a bit more from those at the top," Tharpe explained. "That helps balance out the fact that lower- and middle-income people are contributing a much larger share in things like sale taxes and fees - and to some degree, property taxes as well."

Last year, Washington state's capital gains tax pulled in about $786 million. The first $500 million collected from it goes toward schools, early learning and child care. Money collected beyond it is used for school construction. Washington has historically had one of the most regressive tax systems in the country.

Suzette Espinoza-Cruz, a Washington state lead volunteer for the Save the Children Action Network, said early childhood learning has benefited her niece's child, who was ready on his first day of kindergarten because of the state's Early Childhood Education and Assistance Program. Her niece's other child needed help in school and Espinoza-Cruz emphasized she was able to get help.

"What worries me about Ballot Initiative 2109 is that programs that are supplementing students' learning could be cut if we have less funding available for our pre-K through 12 system," Espinoza-Cruz stressed.

Tharpe pointed out there would be long-term effects from repealing the capital gains tax from investing less in quality education, early learning and child care.

"You're going to wind up down the road with a less competitive workforce, communities that are not as attractive of places to live and work," Tharpe projected. "There really is some significant economic risk to taking away that source of revenue for those public priorities."

A new annual report shows New York City has more than 146,000 homeless students.

The Advocates for Children of New York report finds this is an increase from last year when more than 119,000 students were homeless. It also finds more than half of students were temporarily sharing housing with others, while 41% lived in shelters.

Jennifer Pringle, director of Project LIT with Advocates for Children of New York, says the city can help these students by addressing transportation delays.

"Roughly 40% of students in shelters are placed in a different borough from where they go to school, which means that students in temporary housing often face long commutes and are disproportionately impacted by busing delays," she said.

Other recommendations include eliminating the 60-day shelter limits and addressing shortages in staff supporting students in temporary housing. But, Pringle notes there's work the state can do too. More than 115 groups want the state to add a weight for students in temporary housing as part of the school funding formula re-evaluation.

The biggest challenge to implement these recommendations is political will, although they have broad support. But, student homelessness has been a long-standing issue for the city. This is the ninth year in a row New York City's homeless student population has included more than 100,000 students. There are many reasons students become homeless.

"Certainly we know there's a growing housing-affordability crisis," she continued. "Families indicate that domestic violence is one leading driver of family homelessness. And then also we have immigrant families, newcomers to the city as well, who are in temporary housing."

Living in temporary housing significantly impacts students' education. The report finds most students in either temporary housing or a shelter were chronically absent. It also notes their English Language Arts proficiency was 20% lower than students in permanent housing.


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This coming Saturday is National Adoption Day, but kids who are older or have special needs face more difficulty in finding adoptive parents.

More than 113,000 children in foster care are eligible for adoption, according to the Department of Health and Human Services - about 4,000 of them are in Maryland.

And more than half entered the foster care system because of neglect.

Saara McEachnie, director of domestic adoption programs at the Barker Adoption Foundation, runs the "Project Wait No Longer" program - focused on finding adoptive homes for older children, groups of siblings and those with other special needs.

She said teens are the most vulnerable.

"Families that are seeking to adopt are most often feeling most comfortable, and most equipped or prepared, to be able to adopt a younger child," said McEachnie. "So, that leaves fewer options for our older kiddos that are very much in need of family, and we have few families that are stepping forward."

McEachnie explained that children sometimes struggle with attachment or bonding after being removed from their birth family and placed with strangers.

She said it's important to educate people who want to become adoptive parents, to better prepare them to adopt older kids.

McEachnie said potential adoptive families can learn to make their homes what she calls "more attachment friendly."

That includes understanding the attachment difficulties that may come from a child's complex trauma.

She said it helps to create networks of fellow adoptive families in order to build a like-minded community for the child.

"Building an attachment-friendly home first has to come from a place of understanding, empathy, flexibility," said McEachnie, "willingness to seek and access resources, willingness to continue to understand the population."

National Adoption Day was first launched in 1999 by a coalition of national groups, including the Children's Action Network and Alliance for Children's Rights.




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New Mexico child welfare groups are behind an initiative they plan to introduce in the next legislative session to create a so-called baby bonds program.

The Partnership for Community Action and other child advocacy groups introduced a pilot program earlier this fall.

Executive Director Nichelle Gilbert said 15 children received trust accounts of $6,000 - available to the child when they turn 18.

"These funds that are invested grow over time," said Gilbert, "and are available to invest in things like education, starting a business, owning a home, or to pursue other opportunities that foster upward mobility."

Proposals for baby bond programs have passed in California, Connecticut, and Washington, DC - and have been introduced at the federal level and in eight additional states.

The New Mexico State Treasurer, who supports baby bonds, recently held a symposium to discuss and develop a bill to be introduced in the 2025 legislative session, that would create a statewide program.

New Mexico has a high rate of poverty and one of the widest income gaps.

Gilbert said if lawmakers approve the concept, eligible children would receive a publicly funded trust account at birth - providing them with a startup fund to pursue a prosperous and directed adult life.

She said she believes the program could help dismantle inequities and reduce barriers to wealth.

"It's encouraging local investment, it's promoting asset building, it's facilitating education and careers," said Gilbert, "and all the while breaking cycles of poverty."

Roughly 28% of New Mexico's children younger than age five and a quarter of those younger than 18 live in poverty - while the national poverty rate is about 11%.

Child advocates unsuccessfully pitched legislation to require a financial literacy course - in high school - but lawmakers made it an elective instead.




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