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NM SB19

Bill

Status

Passed

1/31/2026

Primary Sponsor

William Soules

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Secretary of Public Education may adjust the unit value for fiscal year 2026 after verifying the statewide number of units, with a deadline of February 27, 2026
  • Public Education Department must consult with the Department of Finance and Administration, Legislative Finance Committee, and Legislative Education Study Committee when making the adjustment
  • Declared an emergency measure, taking effect immediately upon passage
  • Creates a temporary provision specifically for the FY2026 unit value reset rather than a permanent statutory change

Legislative Description

School Finance Unit Value Reset

Last Action

Signed by Governor - Chapter 2 - Jan. 31

1/31/2026

Committee Referrals

Education1/28/2026
Committees1/23/2026

Full Bill Text

No bill text available