SB178

School Finance Changes

Introduced·1/28/26
Introduced Text

New Mexico SB178 revises school finance rules, requiring districts with over 2,000 students to allocate 90% of state funds to generating schools and.

New Mexico SB178 amends the Public School Finance Act to require school districts with over 2,000 students to allocate at least 90% of the state equalization guarantee distribution generated by each public school to that school. It also mandates that districts and charter schools develop three-year evidence-based spending plans to improve academic outcomes for at-risk students, including Native American, low-income, English learner, and special education students.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
In committee
Next
Committee decision

Sponsors

D
1
0
Democratic CaucusRepublican Caucus

Calendar

Feb 16

9:00 AM

Senate Education Committee

History

Feb 2

Senate

SCC: Reported by committee to fall within the purview of a 30 day session

Feb 2

Senate

Action Postponed Indefinitely

Jan 28

Senate

Sent to SCC - Referrals: SCC/SEC/SFC