summary
Introduced
01/23/2026
01/23/2026
In Committee
01/30/2026
01/30/2026
Crossed Over
01/28/2026
01/28/2026
Passed
01/31/2026
01/31/2026
Dead
Signed/Enacted/Adopted
01/31/2026
01/31/2026
Introduced Session
2026 Regular Session
Bill Summary
AN ACT RELATING TO PUBLIC SCHOOL FINANCE; PROVIDING FOR THE RESET OF THE UNIT VALUE; DECLARING AN EMERGENCY.
AI Summary
This bill allows the secretary of public education to adjust the "unit value," which is a key component in how public schools are funded, for the fiscal year 2026. This adjustment can happen after the total number of educational units statewide for that year is confirmed, but no later than February 27, 2026. When making this adjustment, the secretary must consult with the department of finance and administration, the legislative finance committee, and the legislative education study committee, which are all state bodies involved in financial and educational policy. The bill also declares an emergency, meaning it is considered immediately necessary for the public peace, health, and safety, allowing it to take effect right away.
Committee Categories
Education
Sponsors (11)
Craig Brandt (R)*,
Pete Campos (D)*,
Bobby Gonzales (D)*,
Bill Soules (D)*,
Steve Lanier (R),
Michael Padilla (D),
Shannon Pinto (D),
Benny Shendo, Jr. (D),
Linda Trujillo (D),
Peter Wirth (D),
Pat Woods (R),
Last Action
Signed by Governor - Chapter 2 - Jan. 31 (on 01/31/2026)
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/Legislation/Legislation?chamber=S&legtype=B&legno=19&year=26 |
| BillText | https://www.nmlegis.gov/Sessions/26%20Regular/final/SB0019.pdf |
| HEC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0019EC1.pdf |
| SEC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0019ED1.pdf |
| Fiscal Note | https://www.nmlegis.gov/Sessions/26%20Regular/firs/SB0019.PDF |
| LESC Analysis | https://www.nmlegis.gov/Sessions/26%20Regular/LESCAnalysis/SB0019.PDF |
| SCC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0019CC1.pdf |
| BillText | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0019.pdf |
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