Georgia House Bill HR1230

Georgia 2023-2024 Regular Session

• Introduced: 2/22/24

Caption

General Assembly; creation of Children First Trust Fund ; provide by law - CA

Impact

The establishment of the Children First Trust Fund could have significant implications for state laws as it directly aims to enhance child care services. The funds allocated will not lapse, meaning they could be used strategically over the long term to continue supporting families needing child care. This change can potentially lead to an expanded network of child care services across Georgia, which proponents argue is crucial for supporting working families. The ongoing investment returns from the Trust Fund could further bolster the financial assistance available, potentially creating a sustainable cycle of support for child care.

Summary

House Resolution 1230 proposes an amendment to the Georgia Constitution to establish a Children First Trust Fund. The fund is designed to provide financial assistance targeted at child care services in the state. It aims to utilize a portion of the state’s surplus revenue to create a self-sustaining source for these services. The proposed legislation outlines that an initial appropriation of $2 billion will be made from the Revenue Shortfall Reserve into this trust fund, underscoring the importance of addressing child care accessibility in Georgia.

Contention

Notably, this amendment could spawn debates regarding the use of state surplus funds for child care financing. Supporters advocate for enhancing child care availability as a critical step towards improving educational and economic outcomes for children and their families. However, critics may argue that dedicating such a substantial sum to one area could limit the flexibility of the state to address other pressing issues. The amendment process itself may also invite scrutiny from legislators and constituents concerned with government spending and priorities.