Bill > HB6

This bill makes several changes to public school finance in New Mexico, including: - Eliminating local and federal credits when determining the state equalization guarantee distribution. - Requiring school districts and charter schools to include information on the use of federal and local revenue in their educational plans and report on outcomes from those uses. - Excluding enrollment growth program units from the calculation of save harmless program units. - Changing the phase two formula value calculation when determining the local and state match for capital outlay projects. - Expanding the Education Technology Equipment Act, General Obligation Bonds, the Public School Capital Improvements Act, and the Public School Buildings Act to cover teacher housing. The bill aims to provide more transparency and accountability around the use of federal, state, and local funds for public schools in New Mexico.

Budget and Finance, Business and Industry, Education

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=6&year=21