New Mexico State Treasurer Laura M. Montoya 

State Treasurer’s Office News:

SANTA FE — The New Mexico State Treasurer’s Office is hosting its Community Discussion on New Mexico Baby Bonds from 9 a.m. to 1:30 p.m., Thursday, June 25, at the Las Cruces Convention Center.

This conversation invites local leaders, public officials, and members of the public to learn more about New Mexico Baby Bonds, ask questions, and engage directly with State Treasurer Laura M. Montoya about how baby bonds can build generational wealth and expand economic opportunities for New Mexico families.

Baby Bonds is a landmark policy initiative designed to provide children with state-managed trust accounts intended to fund long-term wealth building expenses, including trade or higher education, homeownership, startup capital for entrepreneurial endeavors, or retirement.

Gaining rapid momentum across states and at the federal level, Baby Bonds present a rare and monumental opportunity that would improve economic mobility, financial stability, and legacy wealth for future generations of New Mexicans.

“Baby Bonds is really a no-brainer,” Treasurer Montoya said. “We spend about $10 billion annually on addressing symptoms of poverty, and much of our investments into the affordability crisis are focused on the short-term, such as food, housing, and direct cash assistance for immediate living needs. While those programs are critical, it is far more cost-effective over the long term to address the root causes of poverty than to continually pay for its consequences. We all know it takes money to make money, and with Baby Bonds, the state can invest directly in New Mexicans so that they may pursue wealth-building opportunities that may otherwise be out of reach and at the same time build up our economy.”

The Treasurer’s Office encourages everyone to RSVP: Baby Bonds Event Registration Las Cruces.