skip to main content
skip to newscasts

Friday, December 20, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

A whirlwind day for Luigi Mangione ends with new charges and transfer to a federal prison Food insecurity prompts ND advocates to eye universal school meals; FL coastline sinking: New study questions safety, future of construction; MA state grants boost rural economies, climate resilience.

view newscast page
play newscast audioPlay

President-elect Trump repeats his threats to jail Jan. 6th committee members, while also putting a stop-gap spending plan in jeopardy. A court removes Fani Willis from Trump's Georgia election interference case. The FAA restricts drones in New Jersey, and a Federal Reserve rate cut shakes markets.

view newscast page
play newscast audioPlay

Rural folks could soon be shut out of loans for natural disasters if Project 2025 has its way, Taos, New Mexico weighs options for its housing shortage, and the top states providing America's Christmas trees revealed.

Child advocates want NM to eradicate poverty through 'baby bonds'

play audio
Play

Monday, November 18, 2024   

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.




get more stories like this via email

more stories
A survey from the American Heart Association revealed 79% of respondents neglect their health during the holidays. Many say they find this time of year more stressful than income tax season.
(deagreez/Adobe Stock)

Health and Wellness

play sound

Holiday travel is in full swing and for many, so is the stress. The American Heart Association of Missouri has health tips for anyone with heart …


Health and Wellness

play sound

By Amy Felegy for Arts Midwest.Broadcast version by Mike Moen for Minnesota News Connection reporting for the Arts Midwest-Public News Service Collabo…

Health and Wellness

play sound

With Christmas less than a week away, experts are giving advice on how seniors and the community can fight against social isolation. A United Health …


A new University of Miami study has found buildings in Sunny Isles Beach and Surfside have been sinking by 2-8 centimeters between 2016 and 2023. (Adobe Stock)

Environment

play sound

When the Champlain Towers South collapsed in Surfside in 2021 taking 98 lives, it sent shock waves across South Florida. The tragedy has left …

Environment

play sound

Rural communities across Massachusetts are benefiting from state grants aimed at strengthening the local food supply and building climate resilience…

Dairy digesters remove methane from liquified animal waste. The gas can then be used to generate power. (Lance Cheung/USDA)

Environment

play sound

Three environmental nonprofits filed suit Wednesday against the California Air Resources Board to oppose the expansion of a program allowing oil and g…

Environment

play sound

New York lawmakers are focusing on electrifying municipal buildings. Buildings statewide make up 32% of New York's greenhouse gas emissions and …

Social Issues

play sound

North Dakota is expected to rejoin the debate over whether all school children, regardless of their family income, should have access to no-cost …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021