2019 legislative session
School funding plan boosts all districts, but some more than others
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Thursday evening, the House of Representatives voted 46-23 to approve a $7 billion state budget proposal, and the single-largest ticket item, no surprise, is public education. With a nearly half a billion dollar increase in spending proposed, the draft budget would funnel around $3.1 billion, up from $2.6 billion this year, into public school districts around the state starting July 1. The rising tide will lift nearly all boats in New Mexico, according to a spreadsheet that shows the extra funding school districts and charter schools could receive if the proposal clears the Legislature and earns Gov. Michelle Lujan Grisham’s signature. If you want to see to how much your local district could see in new education dollars, check out the chart we’ve embedded below this story. All told, school districts around the state would see around a 19 percent bump in State Equalization Guarantee (SEG) money.