Bill > HB63

This bill proposes several significant changes to the public school funding formula in New Mexico, focusing on improving financial support for different student populations and school districts. The legislation increases the basic program unit value for students in grades 6-12, introduces a new definition for the Family Income Index Rate, modifies the at-risk program unit calculation, and creates a new English Learner Program Unit. For charter schools, the bill changes how their at-risk index is calculated by using their membership after the first year of operation. A key provision is a "hold harmless" clause that ensures schools won't experience funding reductions in fiscal year 2026 due to these formula changes, with the public education department required to supplement any potential shortfalls. The bill defines specific types of services that can be funded through these new program units, such as tutoring, language development interventions, professional development, and family engagement strategies. These changes aim to provide more targeted financial support to schools serving students with diverse needs, including those from low-income backgrounds, at-risk populations, and English language learners. The provisions will take effect on July 1, 2025, giving schools and districts time to prepare for the new funding approach.

Education

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=63&year=25