summary
Introduced
02/01/2021
02/01/2021
In Committee
02/10/2021
02/10/2021
Crossed Over
Passed
Dead
03/20/2021
03/20/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO PUBLIC SCHOOL FINANCE; ELIMINATING LOCAL REVENUE AND FEDERAL REVENUE FROM THE CALCULATION OF THE STATE EQUALIZATION GUARANTEE DISTRIBUTION.
AI Summary
This bill eliminates local revenue and federal revenue from the calculation of the state equalization guarantee distribution, which is the amount of money distributed to each school district to ensure that its operating revenue is at least equal to the school district's program cost. The bill also makes changes to the state-support reserve fund, which is used to augment the appropriations for the state equalization guarantee distribution. The provisions of the bill apply to public school funding beginning with fiscal year 2023.
Committee Categories
Budget and Finance, Education
Sponsors (1)
Last Action
SEC: Reported by committee with Do Pass recommendation (on 02/10/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=225&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0225.pdf |
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