AI Summary:

New Mexico legislative leaders released a budget proposal on January 7, 2025, that does not fully fund Gov. Michelle Lujan Grisham's plan for universal child care. The governor's proposal included $163.2 million to sustain the program through July 2027, a 54.1% increase from the previous year. However, the legislative proposal only adds $13.7 million, or 4.5%. Concerns were raised about the sustainability of funding as costs are projected to rise significantly in the coming years. The governor expressed disappointment but remains hopeful for alignment with the Legislature on funding levels for this initiative.