Docket Room
SB 178·NM·senate

SCHOOL FINANCE CHANGES

IntroducedFiled Jan 28, 2026
Sponsor: Muñoz, George K.
Latest Action

action postponed indefinitely

Mar 24, 2026

Summary

The bill requires any school district with more than 2,000 students to allocate at least 90% of the state equalization guarantee money generated by each school back to that school. It also caps unrestricted cash balances for districts that miss the rule, mandates three‑year evidence‑based spending plans for Native American, low‑income, English‑learner and special‑education students, and creates reporting and state‑intervention mechanisms. The goal is to improve academic outcomes for those at‑risk groups.

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