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Vol. 2026 · Bill Detail · Special Edition

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Wednesday, September 2, 2026

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NM · SB178INTRO · 1 COSPONSOR

School Finance Changes

Where it is in the process
Plain-English Summary

This bill requires New Mexico school districts with over 2,000 students to give at least 90% of state funding generated by each school directly to that school. If districts fail to do so, their unrestricted cash balances will be limited. All school districts and charter schools must create three-year plans to show how they will use state funds to improve academic results for at-risk students, and the Public Education Department can intervene if schools do not make progress.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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