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Universal preschool endowment proposal advances amid fiscal guardrail concerns
Summary
Lawmakers split on a governor-backed plan to create a Universal Preschool Endowment using surplus funds; supporters called it a transformational investment in early childhood while opponents warned it would weaken budget safeguards and crowd out pension and other fiscal priorities.
A substitute and motion to refer House Bill 6867, creating a Universal Preschool Endowment, was moved and seconded; committee members debated the measure’s funding mechanism and fiscal implications before advancing the proposal to Appropriations for further consideration.
Proponents described the endowment as a long-term investment in early care and learning that could expand infant and toddler seats,…
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