Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance
committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports
if they are used for other purposes.
Current FIRs (in HTML & Adobe PDF formats) are a vailable on the NM Legislative Website (legis.state.nm.us).
Adobe PDF versions include all attachments, whereas HTML versions may not. Previously issued FIRs and
attachments may be obtained from the LFC in Suite 101 of the State Capitol Building North.
F I S C A L I M P A C T R E P O R T
SPONSOR Martinez, W.K.
ORIGINAL DATE
LAST UPDATED
2/23/2007
3/04/2007 HB 999/aHEC
SHORT TITLE Reduce School Finance State Credit
SB
ANALYST
McOlash/Aguilar
ESTIMATED ADDITIONAL OPERATING BUDGET IMPACT (dollars in thousands)
FY07
FY08
FY09 3 Year
Total Cost
Recurring
or Non-Rec
Fund
Affected
Total
$8,000.0 $59,800.0 $67,800.0 Recurring General
Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Public Education Department (PED)
Attorney General’s Office (AGO)
Department of Finance & Administration (DFA)
SUMMARY
Synopsis of HEC Amendment
The House Education Committee amendment to House Bill 999 provides that school districts
shall budget and expend for capital outlay a portion of the district’s state equalization guarantee
distribution equal to the amount of the local revenue and federal revenue for which the state does
not take credit.
TECHNICAL ISSUES
A central premise under which the state’s educational system operates is “local board control"
which allows school boards to retain local autonomy in the actual use of funds by making the
distribution noncategorical, allowing districts to address prioritize needs locally. The provisions
contained in the amendment direct that districts shall “budget and expend" SEG funds for capital
purposes. This appears to be in conflict with Section 22-8-18 NMSA 1978 which provides that
“Funds generated under the Public School Finance Act [22-8-1 NMSA 1978] are discretionary to
local school boards…"
pg_0002
House Bill 999/aHEC – Page
2
Synopsis of Original Bill
House Bill 999 amends the Public School Finance Act to reduce the state credit for local and
federal revenue for the State Equalization Guarantee (SEG) distribution through increments
beginning in FY 08, with a reduction to 65 percent, and ending on July 1, 2012, with zero
percent.
FISCAL IMPLICATIONS
The final unit value for school year 2006-2007 is $3,446.44. An LESC analysis indicates that
the reduction in the percentage of local and federal revenue in FY08 for which the state may take
credit—from 75 to 65 percent—would result in a decrease to the current unit value of
approximately $18.26.
Although the bill contains a five year phase in of the credit reduction schedule, LESC notes that
after the first year, the next scheduled reduction—to 45 percent—would most likely result in the
state not being able to meet the disparity test set forth in federal law. Once the state fails to meet
the disparity test, it will be unable to take credit for any portion of Impact Aid operational
revenues in determining the SEG distributions to school districts and charter schools. In effect
the reduction to zero could take place as early as the 2008-2009 school year. If the Legislature
chose to make up this funding by replacing these funds from the general fund the impact in FY08
is estimated to be approximately $8 million and in FY09 and subsequent years if the disparity
test is not met would be approximately $59.8 million
SIGNIFICANT ISSUES
Current law allows the state to “take credit", or reduce, a school districts’ state funding for
program costs (generally operating budgets) for 75% of the amount that districts receive from
local school district property tax revenues and 75% of Federal “Impact Aid" and Forest Reserve
funds received by the districts. The calculations are performed pursuant to the “state
equalization guarantee" formula set forth in NMSA Section 22-8-25.
The formula incorporates two basic elements – Program Cost and the State Equalization
Guarantee (SEG). A district first determines an overall Program Cost or the amount of money
assumed under the formula to be necessary for a given district with a particular configuration of
students and educational programs to provide educational services. The Program Cost formula
uses at least 17 cost differentials to reflect the costs associated with providing educational
services to students with differing needs. For example, educating a high school student costs
more than educating a first grader and additional funding is required for special education
services. The Program Cost determines the level of funding required for operational
expenditures. A district’s State Equalization Guarantee is the amount of money the State of New
Mexico “guarantees" to provide to the district to maintain the Program Cost. The State
Equalization Guarantee (SEG) accounts for more than 90 percent of school districts’ operational
revenues. The SEG in essence is an adjusted Program Cost to reflect portions of local property
taxes and certain federal revenues that are subtracted from the Program Cost or “credited" to the
district’s state revenues. These credits are then redistributed to all 89 school districts in the state.
pg_0003
House Bill 999/aHEC – Page
3
2005 - 2006 STATEWIDE EQUA LIZATION
Without Teacher Salary Adjustment
Calculated Program Cost
$1,975,553,929.48
Total Receipts
Less 75% Credit
Local 1/2 Mill Property Tax
$11,665,047.67
$8,748,785.75
Basic Federal Impact Aid
$67,166,568.12
$50,374,926.09
Federal Forest Reserve
$915,214.19
$686,410.64
$1,915,743,807.00
Less Selected Revs.
Savings from Energy Contracts
$2,062,730.17
$2,062,730.17
Certain Cash Balances
$813,905.00
$813,905.00
STATE EQUALIZATION GUARANTEE
$1,912,867,171.83
PED, 2005-2006 Final Funded Data, 3/21/2006
Many local school districts across the United States include within their boundaries parcels of
land that are owned by the Federal Government or that have been removed from the local tax
rolls by the Federal Government, including Indian lands. These school districts face special
challenges — they must provide a quality education to the children living on the Indian and other
Federal lands and meet the requirements of the No Child Left Behind Act, while sometimes
operating with less local revenue than is available to other school districts, because the Federal
property is exempt from local property taxes.
Since 1950, Congress has provided financial assistance to these local school districts through the
Impact Aid Program. Impact Aid was designed to assist local school districts that have lost
property tax revenue due to the presence of tax-exempt Federal property, or that have
experienced increased expenditures due to the enrollment of federally connected children,
including children living on Indian lands. The Impact Aid law (now Title VIII of the Elementary
and Secondary Education Act of 1965 (ESEA)) provides assistance to local school districts with
concentrations of children residing on Indian lands, military bases, low-rent housing properties,
or other Federal properties and, to a lesser extent, concentrations of children who have parents in
the uniformed services or employed on eligible Federal properties who do not live on Federal
property. The Public Education Department reports that 30 of the state’s 89 school districts are
labeled “federally impacted districts" and received approximately $67.2 million in Basic Impact
Aid from the federal government. New Mexico took credit of $50.4 million (75%) of that total
amount and left the state impacted districts with a total of $16.8 million (25%) for their annual
budgets.
The state also took credit for 75% of the local property tax ($8.7 million) and Forest Reserve
receipts ($0.7 million). The districts retained 25% of these revenues or $3.0 million in local
property taxes and $0.2 million for Forest Reserve.
Federal law requires that Impact Aid be treated in the same manner as local property tax
revenues and HB 999 would reduce these credits to zero over a five-year period. Districts would
pg_0004
House Bill 999/aHEC – Page
4
retain all of the Impact Aid and Forest Reserve funds and the local property tax revenues. As
proposed, 30 Impact Aid districts would retain all of the $67.2 million; selected districts would
retain all of the $.9 million from Forest reserves; and all 89 districts would keep all of the local
property taxes ($11.7 million). If not replaced by state General Funds, the $59.8 million in
“credits" would not be distributed to all 89 districts. Overall, the 30 Impact Aid districts would
receive additional funding while the remaining 59 districts would receive less funding. The
Energy Savings and Cash Balance revenues would remain the same.
The finding by the United States Secretary of Education that New Mexico is “equalized", and
therefore can “take credit" for impact aid funds has been challenged in Federal Court by the Zuni
and Gallup-McKinley public school districts. Zuni Public School District No. 89 v. Department
of Education, 393 F.3d 1158 (10th Cir 12/30/2004) (2-1), vacated by en banc rehearing, 437 F.3d
1289 (02/23/2006) (6-6). That decision was therefore affirmed by an equally divided 10
th
Circuit
Court of Appeals. The United States Supreme Court has agreed to hear the case.
House Bill 999 grants the school districts the relief they are seeking by eventually allowing them
to keep all of their Impact Aid and Forest Reserve funds, along with local tax revenues, and
thereby preventing the state from deducting those amounts when it provides state funding.
OTHER SUBSTANTIVE ISSUES
The issue of decreased funding for some school district could be addressed by the Legislature
with an approximately $60.0 million General Fund appropriation.
Attached is a an LESC table showing the impact of the bill on all school districts and charter
schools.
ALTERNATIVES
The Gallup-McKinley County Public Schools and Zuni Public Schools filed their latest challenge
to New Mexico’s Public School Funding Formula in September 2006. The U.S. Supreme Court
heard the case on January 10, 2007 and is expected to issue a decision later this year.
ATTACHMENTS
BM/PA/nt:csd
pg_0005
COMPARISON OF THE OPERATIONAL FUNDS AVAILABLE TO SCHOOL DISTRICTS AND CHARTER SCHOOLS UNDER CURRENT STATUTE AND UNDER THE PROPOSED PHASE-OUT OF CREDITS IN HB 999
BASED ON 2005-2006 FINAL FUNDED DATA*
CURRENT STATUTE
PROPOSED CHANGES IN HB 999
DIFFERENCE
A
B
C
D E = A+B+C+D
F
G
H I = F+G+H J = I – E SCHOOL DISTRICTS/ SCHOOL DISTRICTS/
Program Cost 75 Percent Cash Balance State Equalization 25 Percent TOTAL Program Cost Cash Balance State Equalization 100 Percent TOTAL
CHARTER SCHOOLS CHARTER SCHOOLS
SCHOOL DISTRICT/Charter School $3,198.01 Credits Credit Guarantee* Credits OPERATIONAL $3,104.55 Credit Guarantee Credits OPERATIONAL
GAINING REVENUE
LOSING REVENUE
ALAMOGORDO
$38,226,624 $564,909 $0 $37,661,715 $188,303 $38,414,927 $35,960,091 $0 $37,144,126 $753,212 $37,897,339
($517,589)
ALAMOGORDO
LACY SIMMS MIDDLE
$597,131 $0 $0 $597,131 $0 $597,131 $572,651 $0 $579,893 $0 $579,893
($17,238)
LACY SIMMS MIDDLE
ALAMOGORDO W/CHARTER
$38,823,755 $564,909 $0 $38,258,846 $188,303 $39,012,058 $36,532,741 $0 $37,724,019 $753,212 $38,477,232
($534,827)
ALBUQUERQUE
$521,734,335 $2,820,238 $0 $518,914,097 $940,079 $522,674,414 $492,386,663 $0 $506,912,141 $3,760,317 $510,672,458
($12,001,956)
ALBUQUERQUE
ACADEMIA DE LENGUA Y CULTURA $844,419 $0 $0 $844,419 $0 $844,419 $819,742 $0 $819,742 $0 $819,742
($24,676)
ACADEMIA DE LENGUA Y CULTURA
AMY BIEHL
$1,758,761 $0 $0 $1,758,761 $0 $1,758,761 $1,700,281 $0 $1,707,578 $0 $1,707,578
($51,183)
AMY BIEHL
CESAR CHAVEZ COMM. SCHOOL $1,025,973 $0 $0 $1,025,973 $0 $1,025,973 $995,991 $0 $995,991 $0 $995,991
($29,982)
CESAR CHAVEZ COMM. SCHOOL
CHARTER VO-TECH CENTER
$1,360,372 $0 $0 $1,360,372 $0 $1,360,372 $1,317,806 $0 $1,320,703 $0 $1,320,703
($39,670)
CHARTER VO-TECH CENTER
CHARTER VOC HIGH SCH
$2,534,444 $0 $0 $2,534,444 $0 $2,534,444 $2,443,967 $0 $2,460,874 $0 $2,460,874
($73,570)
CHARTER VOC HIGH SCH
CREATIVE ED. PREP INSTITUTE #1 $1,343,785 $0 $0 $1,343,785 $0 $1,343,785 $1,304,515 $0 $1,304,515 $0 $1,304,515
($39,269)
CREATIVE ED. PREP INSTITUTE #1
CREATIVE ED. PREP INSTITUTE #2 $1,326,819 $0 $0 $1,326,819 $0 $1,326,819 $1,288,045 $0 $1,288,045 $0 $1,288,045
($38,774)
CREATIVE ED. PREP INSTITUTE #2
EAST MOUNTAIN
$2,085,164 $0 $0 $2,085,164 $0 $2,085,164 $1,937,230 $0 $2,026,848 $0 $2,026,848
($58,316)
EAST MOUNTAIN
HIGH TECH HIGH
$760,129 $0 $0 $760,129 $0 $760,129 $737,915 $0 $737,915 $0 $737,915
($22,213)
HIGH TECH HIGH
HORIZON ACADEMY NORTHWEST $2,542,176 $0 $0 $2,542,176 $0 $2,542,176 $2,453,272 $0 $2,468,326 $0 $2,468,326
($73,850)
HORIZON ACADEMY NORTHWEST
HORIZON ACADEMY SOUTH
$2,758,704 $0 $0 $2,758,704 $0 $2,758,704 $2,640,271 $0 $2,679,224 $0 $2,679,224
($79,479)
HORIZON ACADEMY SOUTH
HORIZON TECH AND ARTS
$1,643,080 $0 $0 $1,643,080 $0 $1,643,080 $1,595,064 $0 $1,595,064 $0 $1,595,064
($48,016)
HORIZON TECH AND ARTS
HORIZON ACADEMY WEST
$2,937,972 $0 $0 $2,937,972 $0 $2,937,972 $2,825,765 $0 $2,852,908 $0 $2,852,908
($85,063)
HORIZON ACADEMY WEST
LA ACADEMIA DE ESPERANZA
$2,346,056 $0 $0 $2,346,056 $0 $2,346,056 $2,253,683 $0 $2,278,214 $0 $2,278,214
($67,842)
LA ACADEMIA DE ESPERANZA
LA LUZ DEL MONTE
$440,731 $0 $0 $440,731 $0 $440,731 $427,851 $0 $427,851 $0 $427,851
($12,879)
LA LUZ DEL MONTE
LA PROMESA EARLY LEADERSHIP
$207,461 $0 $0 $207,461 $0 $207,461 $201,399 $0 $201,399 $0 $201,399
($6,063)
LA PROMESA EARLY LEADERSHIP
LOS PUENTES
$1,318,153 $0 $0 $1,318,153 $0 $1,318,153 $1,276,866 $0 $1,279,716 $0 $1,279,716
($38,437)
LOS PUENTES
MONTESSORI ELEMENTARY
$879,322 $0 $0 $879,322 $0 $879,322 $853,625 $0 $853,625 $0 $853,625
($25,696)
MONTESSORI ELEMENTARY
MONTESSORI OF THE RIO GRANDE $947,730 $0 $0 $947,730 $0 $947,730 $920,035 $0 $920,035 $0 $920,035
($27,696)
MONTESSORI OF THE RIO GRANDE
MOUNTAIN MAHOGANY
$476,999 $0 $0 $476,999 $0 $476,999 $463,060 $0 $463,060 $0 $463,060
($13,939)
MOUNTAIN MAHOGANY
NUESTROS VALORES
$1,507,882 $0 $12,327 $1,495,555 $0 $1,507,882 $1,463,397 $12,327 $1,451,503 $0 $1,463,830
($44,052)
NUESTROS VALORES
PAPA
$2,064,643 $0 $0 $2,064,643 $0 $2,064,643 $1,966,108 $0 $2,005,457 $0 $2,005,457
($59,185)
PAPA
ROBERT F. KENNEDY
$2,099,087 $0 $0 $2,099,087 $0 $2,099,087 $2,037,746 $0 $2,037,746 $0 $2,037,746
($61,342)
ROBERT F. KENNEDY
SIA TECH
$1,792,254 $0 $0 $1,792,254 $0 $1,792,254 $1,739,879 $0 $1,739,879 $0 $1,739,879
($52,375)
SIA TECH
SOUTH VALLEY
$1,863,474 $0 $0 $1,863,474 $0 $1,863,474 $1,809,018 $0 $1,809,018 $0 $1,809,018
($54,456)
SOUTH VALLEY
SOUTHWEST PRIMARY
$630,846 $0 $0 $630,846 $0 $630,846 $612,411 $0 $612,411 $0 $612,411
($18,435)
SOUTHWEST PRIMARY
SOUTHWEST SECONDARY
$1,942,877 $0 $0 $1,942,877 $0 $1,942,877 $1,886,101 $0 $1,886,101 $0 $1,886,101
($56,777)
SOUTHWEST SECONDARY
THE LRNG COMM CTR
$1,343,756 $0 $0 $1,343,756 $0 $1,343,756 $1,304,487 $0 $1,304,487 $0 $1,304,487
($39,269)
THE LRNG COMM CTR
TWENTY FIRST CENT.
$1,278,094 $0 $0 $1,278,094 $0 $1,278,094 $1,213,691 $0 $1,241,558 $0 $1,241,558
($36,535)
TWENTY FIRST CENT.
YOUTH BUILD COMMUNITY
$932,028 $0 $0 $932,028 $0 $932,028 $904,791 $0 $904,791 $0 $904,791
($27,237)
YOUTH BUILD COMMUNITY
ALBUQUERQUE W/CHARTERS $566,727,525 $2,820,238 $12,327 $563,894,961 $940,079 $567,667,605 $535,780,674 $12,327 $550,586,725 $3,760,317 $554,359,369
($13,308,235)
ANIMAS
$2,770,997 $11,194 $0 $2,759,803 $3,731 $2,774,729 $2,671,817 $0 $2,690,568 $14,925 $2,705,494
($69,235)
ANIMAS
ARTESIA
$22,025,674 $358,401 $0 $21,667,274 $119,467 $22,145,141 $20,823,044 $0 $21,398,843 $477,868 $21,876,711
($268,430)
ARTESIA
AZTEC
$19,469,586 $519,985 $0 $18,949,602 $173,328 $19,642,915 $18,358,143 $0 $18,916,956 $693,313 $19,610,269
($32,646)
AZTEC
BELEN
$29,106,350 $86,106 $0 $29,020,244 $28,702 $29,135,052 $27,331,463 $0 $28,283,598 $114,807 $28,398,405
($736,647)
BELEN
BERNALILLO
$24,253,579 $2,727,811 $0 $21,525,768 $909,270 $25,162,849 $23,155,340 $0 $23,556,539 $3,637,081 $27,193,621 $2,030,772 BERNALILLO
BLOOMFIELD
$19,295,096 $718,177 $0 $18,576,919 $239,392 $19,534,488 $18,225,662 $0 $18,746,453 $957,569 $19,704,023 $169,535 BLOOMFIELD
CAPITAN
$4,286,740 $44,070 $0 $4,242,669 $14,690 $4,301,430 $4,058,835 $0 $4,164,558 $58,761 $4,223,318
($78,112)
CAPITAN
CARLSBAD
$39,576,517 $505,012 $0 $39,071,505 $168,337 $39,744,855 $38,387,191 $0 $38,420,957 $673,350 $39,094,307
($650,548)
CARLSBAD
JEFFERSON MONT. ACAD.
$1,208,495 $0 $43,126 $1,165,369 $0 $1,208,495 $1,167,555 $43,126 $1,130,222 $0 $1,173,348
($35,147)
JEFFERSON MONT. ACAD.
CARLSBAD W/CHARTERS
$40,785,012 $505,012 $43,126 $40,236,874 $168,337 $40,953,350 $39,554,745 $43,126 $39,551,180 $673,350 $40,267,655
($685,695)
CARRIZOZO
$1,834,449 $10,454 $0 $1,823,995 $3,485 $1,837,934 $1,763,992 $0 $1,781,348 $13,939 $1,795,287
($42,647)
CARRIZOZO
CENTRAL CONS.
$44,469,725 $14,282,558 $0 $30,187,167 $4,760,853 $49,230,578 $42,765,926 $0 $43,182,353 $19,043,411 $62,225,764 $12,995,186 CENTRAL CONS.
CHAMA VALLEY
$4,564,193 $29,993 $0 $4,534,200 $9,998 $4,574,191 $4,327,407 $0 $4,433,926 $39,991 $4,473,917
($100,274)
CHAMA VALLEY
CIMARRON
$4,122,414 $99,922 $0 $4,022,492 $33,307 $4,155,722 $3,949,443 $0 $4,003,525 $133,229 $4,136,754
($18,967)
CIMARRON
MORENO VALLEY HIGH
$839,921 $0 $0 $839,921 $0 $839,921 $811,158 $0 $815,503 $0 $815,503
($24,418)
MORENO VALLEY HIGH
CIMARRON W/CHARTERS
$4,962,336 $99,922 $0 $4,862,414 $33,307 $4,995,643 $4,760,601 $0 $4,819,029 $133,229 $4,952,258
($43,385)
CLAYTON
$4,629,738 $34,087 $1,480 $4,594,171 $11,362 $4,641,100 $4,339,189 $1,480 $4,497,636 $45,449 $4,544,565
($96,535)
CLAYTON
AMISTAD
$249,213 $0 $0 $249,213 $0 $249,213 $234,900 $0 $242,142 $0 $242,142
($7,071)
AMISTAD
CLAYTON W/CHARTER
$4,878,951 $34,087 $1,480 $4,843,384 $11,362 $4,890,313 $4,574,089 $1,480 $4,739,778 $45,449 $4,786,707
($103,606)
CLOUDCROFT
$3,752,186 $27,061 $0 $3,725,125 $9,020 $3,761,206 $3,581,547 $0 $3,644,372 $36,081 $3,680,453
($80,754)
CLOUDCROFT
Source: PED 2005-2006 Final Funded SEG
Page 1 of 3
LESC: 2/28/2007
pg_0006
COMPARISON OF THE OPERATIONAL FUNDS AVAILABLE TO SCHOOL DISTRICTS AND CHARTER SCHOOLS UNDER CURRENT STATUTE AND UNDER THE PROPOSED PHASE-OUT OF CREDITS IN HB 999
BASED ON 2005-2006 FINAL FUNDED DATA*
CURRENT STATUTE
PROPOSED CHANGES IN HB 999
DIFFERENCE
A
B
C
D E = A+B+C+D
F
G
H I = F+G+H J = I – E SCHOOL DISTRICTS/ SCHOOL DISTRICTS/
Program Cost 75 Percent Cash Balance State Equalization 25 Percent TOTAL Program Cost Cash Balance State Equalization 100 Percent TOTAL
CHARTER SCHOOLS CHARTER SCHOOLS
SCHOOL DISTRICT/Charter School $3,198.01 Credits Credit Guarantee* Credits OPERATIONAL $3,104.55 Credit Guarantee Credits OPERATIONAL
GAINING REVENUE
LOSING REVENUE
CLOVIS
$46,267,838 $648,319 $0 $45,619,520 $216,106 $46,483,944 $43,358,883 $0 $44,962,616 $864,425 $45,827,041
($656,903)
CLOVIS
COBRE CONS.
$12,016,704 $43,131 $0 $11,973,573 $14,377 $12,031,081 $11,373,460 $0 $11,674,332 $57,508 $11,731,840
($299,241)
COBRE CONS.
CORONA
$964,871 $11,004 $0 $953,867 $3,668 $968,539 $879,086 $0 $938,408 $14,672 $953,080
($15,459)
CORONA
CUBA
$5,920,013 $981,299 $0 $4,938,714 $327,100 $6,247,113 $5,652,335 $0 $5,749,862 $1,308,399 $7,058,261 $811,148 CUBA
DEMING
$30,484,973 $109,222 $0 $30,375,751 $36,407 $30,521,380 $28,730,161 $0 $29,620,116 $145,630 $29,765,746
($755,635)
DEMING
DES MOINES
$1,548,074 $5,772 $0 $1,542,302 $1,924 $1,549,998 $1,459,032 $0 $1,504,153 $7,696 $1,511,849
($38,149)
DES MOINES
DEXTER
$7,395,229 $16,015 $0 $7,379,214 $5,338 $7,400,567 $7,059,316 $0 $7,182,724 $21,354 $7,204,078
($196,489)
DEXTER
DORA
$2,180,921 $9,028 $0 $2,171,893 $3,009 $2,183,931 $2,110,402 $0 $2,117,392 $12,038 $2,129,430
($54,501)
DORA
DULCE
$4,508,204 $2,136,027 $0 $2,372,177 $712,009 $5,220,213 $4,299,438 $0 $4,378,779 $2,848,036 $7,226,814 $2,006,602 DULCE
ELIDA
$1,375,166 $6,868 $0 $1,368,298 $2,289 $1,377,455 $1,304,565 $0 $1,335,895 $9,157 $1,345,052
($32,403)
ELIDA
ESPAÑOLA
$29,158,331 $204,212 $77,628 $28,876,491 $68,071 $29,226,402 $27,592,711 $77,628 $28,250,086 $272,282 $28,599,997
($626,405)
ESPAÑOLA
ESPANOLA MILITARY ACAD
$1,608,892 $0 $0 $1,608,892 $0 $1,608,892 $1,552,588 $0 $1,562,155 $0 $1,562,155
($46,737)
ESPANOLA MILITARY ACAD
ESPANOLA W/CHARTER
$30,767,223 $204,212 $77,628 $30,485,383 $68,071 $30,835,294 $29,145,299 $77,628 $29,812,241 $272,282 $30,162,152
($673,142)
ESTANCIA
$6,510,911 $28,095 $0 $6,482,815 $9,365 $6,520,276 $6,242,905 $0 $6,322,982 $37,460 $6,360,442
($159,833)
ESTANCIA
EUNICE
$4,085,322 $222,076 $0 $3,863,245 $74,026 $4,159,347 $3,754,623 $0 $3,972,297 $296,102 $4,268,399 $109,052 EUNICE
FARMINGTON
$56,730,334 $449,122 $0 $56,281,212 $149,707 $56,880,041 $53,495,858 $0 $55,119,961 $598,829 $55,718,790
($1,161,251)
FARMINGTON
FLOYD
$2,256,825 $4,297 $0 $2,252,528 $1,432 $2,258,257 $2,118,359 $0 $2,193,057 $5,729 $2,198,786
($59,471)
FLOYD
FT. SUMNER
$2,879,311 $14,765 $0 $2,864,545 $4,922 $2,884,233 $2,760,865 $0 $2,796,201 $19,687 $2,815,888
($68,344)
FT. SUMNER
GADSDEN
$82,426,210 $143,734 $0 $82,282,476 $47,911 $82,474,121 $78,420,500 $0 $80,065,537 $191,645 $80,257,182
($2,216,939)
GADSDEN
GALLUP
$73,327,919 $15,848,938 $0 $57,478,981 $5,282,979 $78,610,898 $69,636,968 $0 $71,231,654 $21,131,917 $92,363,571 $13,752,673 GALLUP
MIDDLE COLLEGE HIGH
$402,076 $0 $19,616 $382,460 $0 $402,076 $390,326 $19,616 $370,710 $0 $390,326
($11,750)
MIDDLE COLLEGE HIGH
GALLUP W/CHARTER
$73,729,995 $15,848,938 $19,616 $57,861,441 $5,282,979 $79,012,974 $70,027,294 $19,616 $71,602,364 $21,131,917 $92,753,897 $13,740,923
GRADY
$1,416,492 $3,086 $0 $1,413,406 $1,029 $1,417,520 $1,319,734 $0 $1,376,764 $4,114 $1,380,878
($36,642)
GRADY
GRANTS
$23,650,831 $2,231,091 $0 $21,419,741 $743,697 $24,394,528 $22,488,147 $0 $22,973,876 $2,974,787 $25,948,664 $1,554,135 GRANTS
HAGERMAN
$3,590,148 $8,332 $0 $3,581,816 $2,777 $3,592,925 $3,344,859 $0 $3,489,458 $11,109 $3,500,568
($92,357)
HAGERMAN
HATCH
$10,020,605 $15,421 $0 $10,005,184 $5,140 $10,025,745 $9,546,051 $0 $9,733,243 $20,561 $9,753,804
($271,941)
HATCH
HOBBS
$42,358,667 $297,534 $0 $42,061,133 $99,178 $42,457,845 $39,406,466 $0 $41,172,424 $396,712 $41,569,135
($888,709)
HOBBS
HONDO
$1,264,859 $8,093 $0 $1,256,767 $2,698 $1,267,557 $1,179,082 $0 $1,229,366 $10,790 $1,240,156
($27,401)
HONDO
HOUSE
$1,495,315 $2,863 $0 $1,492,452 $954 $1,496,269 $1,398,999 $0 $1,453,201 $3,817 $1,457,018
($39,251)
HOUSE
JAL
$3,357,885 $82,187 $0 $3,275,698 $27,396 $3,385,280 $3,208,321 $0 $3,261,305 $109,583 $3,370,888
($14,392)
JAL
JEMEZ MOUNTAIN
$3,340,879 $229,424 $0 $3,111,455 $76,475 $3,417,354 $3,238,749 $0 $3,243,384 $305,899 $3,549,283 $131,929 JEMEZ MOUNTAIN
JEMEZ VALLEY
$3,204,863 $721,857 $0 $2,483,006 $240,619 $3,445,482 $3,078,420 $0 $3,112,194 $962,476 $4,074,670 $629,188 JEMEZ VALLEY
SAN DIEGO RIVERSIDE CHARTER
$794,002 $0 $0 $794,002 $0 $794,002 $770,799 $0 $770,799 $0 $770,799
($23,203)
SAN DIEGO RIVERSIDE CHARTER
WALATOWA CHARTER HIGH
$320,961 $0 $10,527 $310,434 $0 $320,961 $308,245 $10,527 $301,155 $0 $311,682
($9,279)
WALATOWA CHARTER HIGH
JEMEZ VALLEY W/CHARTER
$4,319,826 $721,857 $10,527 $3,587,442 $240,619 $4,560,445 $4,157,464 $10,527 $4,184,148 $962,476 $5,157,151 $596,706
LAKE ARTHUR
$1,509,289 $7,486 $0 $1,501,803 $2,495 $1,511,784 $1,406,127 $0 $1,466,960 $9,981 $1,476,942
($34,842)
LAKE ARTHUR
LAS CRUCES
$140,126,324 $497,700 $0 $139,628,625 $165,900 $140,292,224 $131,468,356 $0 $136,168,765 $663,599 $136,832,364
($3,459,860)
LAS CRUCES
ALMA D'ARTE CHARTER
$1,327,654 $0 $0 $1,327,654 $0 $1,327,654 $1,288,856 $0 $1,288,856 $0 $1,288,856
($38,798)
ALMA D'ARTE CHARTER
LA ACADEMIA DE IDIOMAS Y CULTURA $765,941 $0 $0 $765,941 $0 $765,941 $742,942 $0 $743,576 $0 $743,576
($22,365)
LA ACADEMIA DE IDIOMAS Y CULTURA
LAS CRUCES W/CHARTER
$142,219,919 $497,700 $0 $141,722,219 $165,900 $142,385,819 $133,500,153 $0 $138,201,197 $663,599 $138,864,796
($3,521,023)
LAS VEGAS CITY
$14,511,720 $66,525 $0 $14,445,195 $22,175 $14,533,895 $13,622,133 $0 $14,101,657 $88,700 $14,190,357
($343,539)
LAS VEGAS CITY
BRIDGE ACADEMY CHARTER
$329,772 $0 $0 $329,772 $0 $329,772 $315,916 $0 $320,262 $0 $320,262
($9,510)
BRIDGE ACADEMY CHARTER
LAS VEGAS CITY W/CHARTER $14,841,492 $66,525 $0 $14,774,967 $22,175 $14,863,667 $13,938,049 $0 $14,421,918 $88,700 $14,510,618
($353,049)
LOGAN
$2,265,840 $8,698 $0 $2,257,142 $2,899 $2,268,740 $2,178,845 $0 $2,200,251 $11,598 $2,211,849
($56,891)
LOGAN
LORDSBURG
$5,557,246 $37,876 $0 $5,519,370 $12,625 $5,569,871 $5,252,999 $0 $5,399,116 $50,501 $5,449,617
($120,254)
LORDSBURG
LOS ALAMOS
$23,436,900 $388,002 $0 $23,048,899 $129,334 $23,566,234 $22,524,582 $0 $22,758,848 $517,336 $23,276,184
($290,050)
LOS ALAMOS
LOS LUNAS
$53,906,015 $168,031 $0 $53,737,984 $56,010 $53,962,025 $50,816,554 $0 $52,376,296 $224,041 $52,600,337
($1,361,688)
LOS LUNAS
LOVING
$4,544,480 $48,026 $0 $4,496,455 $16,009 $4,560,489 $4,358,136 $0 $4,413,288 $64,034 $4,477,323
($83,166)
LOVING
LOVINGTON
$18,999,502 $213,140 $0 $18,786,362 $71,047 $19,070,549 $18,041,652 $0 $18,456,399 $284,187 $18,740,586
($329,963)
LOVINGTON
MAGDALENA
$3,983,606 $379,251 $0 $3,604,356 $126,417 $4,110,023 $3,805,982 $0 $3,869,036 $505,668 $4,374,703 $264,680 MAGDALENA
MAXWELL
$1,207,310 $2,503 $0 $1,204,807 $834 $1,208,144 $1,164,624 $0 $1,172,252 $3,337 $1,175,588
($32,556)
MAXWELL
MELROSE
$2,212,247 $7,064 $0 $2,205,183 $2,355 $2,214,602 $2,132,441 $0 $2,148,055 $9,419 $2,157,473
($57,128)
MELROSE
MESA VISTA
$4,197,955 $12,167 $0 $4,185,787 $4,056 $4,202,010 $4,005,567 $0 $4,077,376 $16,223 $4,093,599
($108,411)
MESA VISTA
MORA
$4,993,952 $21,014 $0 $4,972,938 $7,005 $5,000,957 $4,805,714 $0 $4,849,287 $28,019 $4,877,306
($123,651)
MORA
MORIARTY
$24,386,004 $105,273 $0 $24,280,731 $35,091 $24,421,095 $22,995,996 $0 $23,693,762 $140,364 $23,834,125
($586,970)
MORIARTY
Source: PED 2005-2006 Final Funded SEG
Page 2 of 3
LESC: 2/28/2007
pg_0007
COMPARISON OF THE OPERATIONAL FUNDS AVAILABLE TO SCHOOL DISTRICTS AND CHARTER SCHOOLS UNDER CURRENT STATUTE AND UNDER THE PROPOSED PHASE-OUT OF CREDITS IN HB 999
BASED ON 2005-2006 FINAL FUNDED DATA*
CURRENT STATUTE
PROPOSED CHANGES IN HB 999
DIFFERENCE
A
B
C
D E = A+B+C+D
F
G
H I = F+G+H J = I – E SCHOOL DISTRICTS/ SCHOOL DISTRICTS/
Program Cost 75 Percent Cash Balance State Equalization 25 Percent TOTAL Program Cost Cash Balance State Equalization 100 Percent TOTAL
CHARTER SCHOOLS CHARTER SCHOOLS
SCHOOL DISTRICT/Charter School $3,198.01 Credits Credit Guarantee* Credits OPERATIONAL $3,104.55 Credit Guarantee Credits OPERATIONAL
GAINING REVENUE
LOSING REVENUE
MOSQUERO
$654,305 $8,677 $0 $645,629 $2,892 $657,198 $602,529 $0 $636,168 $11,569 $647,737
($9,461)
MOSQUERO
MOUNTAINAIR
$3,204,101 $12,391 $0 $3,191,710 $4,130 $3,208,232 $3,059,588 $0 $3,111,999 $16,522 $3,128,521
($79,711)
MOUNTAINAIR
PECOS
$7,717,949 $13,208 $0 $7,704,741 $4,403 $7,722,352 $7,371,097 $0 $7,496,059 $17,611 $7,513,669
($208,682)
PECOS
PEÑASCO
$4,849,209 $46,767 $0 $4,802,441 $15,589 $4,864,798 $4,646,167 $0 $4,709,346 $62,357 $4,771,703
($93,095)
PEÑASCO
POJOAQUE
$12,366,165 $1,159,575 $0 $11,206,590 $386,525 $12,752,691 $11,631,309 $0 $12,016,031 $1,546,101 $13,562,132 $809,441 POJOAQUE
PORTALES
$17,610,641 $52,018 $0 $17,558,623 $17,339 $17,627,980 $16,389,070 $0 $17,117,285 $69,357 $17,186,642
($441,338)
PORTALES
QUEMADO
$1,965,180 $232,469 $0 $1,732,711 $77,490 $2,042,670 $1,835,804 $0 $1,909,917 $309,958 $2,219,876 $177,206 QUEMADO
QUESTA
$4,240,247 $40,760 $0 $4,199,487 $13,587 $4,253,834 $4,049,792 $0 $4,118,338 $54,347 $4,172,684
($81,150)
QUESTA
RED RIVER VALLEY
$772,464 $0 $0 $772,464 $0 $772,464 $745,851 $0 $750,012 $0 $750,012
($22,452)
RED RIVER VALLEY
ROOTS & WINGS
$201,296 $0 $0 $201,296 $0 $201,296 $193,768 $0 $195,463 $0 $195,463
($5,833)
ROOTS & WINGS
QUESTA W/CHARTERS
$5,214,007 $40,760 $0 $5,173,247 $13,587 $5,227,594 $4,989,410 $0 $5,063,812 $54,347 $5,118,159
($109,435)
RATON
$8,812,969 $33,368 $0 $8,779,601 $11,123 $8,824,092 $8,449,905 $0 $8,558,604 $44,491 $8,603,095
($220,997)
RATON
RESERVE
$1,904,868 $119,357 $0 $1,785,512 $39,786 $1,944,654 $1,830,048 $0 $1,849,779 $159,143 $2,008,921 $64,267 RESERVE
RIO RANCHO
$77,971,709 $217,349 $0 $77,754,360 $72,450 $78,044,159 $73,487,823 $0 $75,759,523 $289,798 $76,049,322
($1,994,837)
RIO RANCHO
ROSWELL
$55,295,501 $213,491 $0 $55,082,011 $71,164 $55,366,665 $52,383,025 $0 $53,718,628 $284,655 $54,003,283
($1,363,382)
ROSWELL
SIDNEY GUTIERREZ
$442,702 $0 $0 $442,702 $0 $442,702 $423,719 $0 $429,947 $0 $429,947
($12,755)
SIDNEY GUTIERREZ
ROSWELL W/CHARTER
$55,738,204 $213,491 $0 $55,524,713 $71,164 $55,809,367 $52,806,744 $0 $54,148,575 $284,655 $54,433,230
($1,376,137)
ROY
$878,441 $2,164 $0 $876,277 $721 $879,163 $825,737 $0 $853,584 $2,885 $856,470
($22,693)
ROY
RUIDOSO
$15,967,070 $239,027 $0 $15,728,043 $79,676 $16,046,746 $15,383,927 $0 $15,503,972 $318,703 $15,822,675
($224,071)
RUIDOSO
SAN JON
$1,626,468 $2,921 $0 $1,623,546 $974 $1,627,441 $1,548,002 $0 $1,579,869 $3,895 $1,583,764
($43,678)
SAN JON
SANTA FE
$73,076,458 $546,997 $0 $72,529,461 $182,332 $73,258,791 $68,532,783 $0 $71,013,433 $729,329 $71,742,762
($1,516,029)
SANTA FE
ACAD FOR TECH & CLASSICS
$1,750,582 $0 $0 $1,750,582 $0 $1,750,582 $1,640,257 $0 $1,701,206 $0 $1,701,206
($49,376)
ACAD FOR TECH & CLASSICS
MONTE DEL SOL
$2,529,342 $0 $0 $2,529,342 $0 $2,529,342 $2,386,626 $0 $2,457,498 $0 $2,457,498
($71,844)
MONTE DEL SOL
TURQUOISE TRAIL
$2,483,096 $0 $0 $2,483,096 $0 $2,483,096 $2,317,261 $0 $2,413,340 $0 $2,413,340
($69,756)
TURQUOISE TRAIL
SANTA FE W/CHARTERS
$79,839,478 $546,997 $0 $79,292,481 $182,332 $80,021,811 $74,876,928 $0 $77,585,477 $729,329 $78,314,806
($1,707,005)
SANTA ROSA
$5,928,415 $21,016 $0 $5,907,398 $7,005 $5,935,420 $5,655,117 $0 $5,758,180 $28,021 $5,786,201
($149,218)
SANTA ROSA
SILVER CITY CONS.
$21,900,217 $105,970 $0 $21,794,247 $35,323 $21,935,540 $20,898,317 $0 $21,271,120 $141,293 $21,412,413
($523,127)
SILVER CITY CONS.
ALDO LEOPOLD
$425,607 $0 $0 $425,607 $0 $425,607 $413,170 $0 $413,170 $0 $413,170
($12,438)
ALDO LEOPOLD
SILVER CITY W/CHARTERS
$22,325,824 $105,970 $0 $22,219,854 $35,323 $22,361,147 $21,311,487 $0 $21,684,289 $141,293 $21,825,582
($535,565)
SOCORRO
$11,549,249 $58,590 $0 $11,490,659 $19,530 $11,568,780 $10,823,128 $0 $11,223,443 $78,120 $11,301,564
($267,216)
SOCORRO
COTTONWOOD CHARTER
$1,090,230 $0 $0 $1,090,230 $0 $1,090,230 $1,044,232 $0 $1,058,796 $0 $1,058,796
($31,434)
COTTONWOOD CHARTER
SOCORRO W/CHARTERS
$12,639,479 $58,590 $0 $12,580,889 $19,530 $12,659,009 $11,867,361 $0 $12,282,239 $78,120 $12,360,360
($298,650)
SPRINGER
$1,912,158 $6,685 $0 $1,905,473 $2,228 $1,914,386 $1,811,060 $0 $1,857,640 $8,913 $1,866,552
($47,833)
SPRINGER
TAOS
$18,419,427 $279,772 $0 $18,139,656 $93,257 $18,512,685 $17,324,599 $0 $17,897,909 $373,029 $18,270,938
($241,746)
TAOS
ANANSI CHARTER
$439,770 $0 $0 $439,770 $0 $439,770 $405,545 $0 $427,562 $0 $427,562
($12,208)
ANANSI CHARTER
TAOS CHARTER
$1,151,700 $0 $0 $1,151,700 $0 $1,151,700 $1,075,750 $0 $1,119,317 $0 $1,119,317
($32,383)
TAOS CHARTER
TAOS W/CHARTER
$20,010,897 $279,772 $0 $19,731,125 $93,257 $20,104,154 $18,805,894 $0 $19,444,788 $373,029 $19,817,817
($286,337)
TATUM
$2,350,504 $56,281 $0 $2,294,223 $18,760 $2,369,264 $2,258,334 $0 $2,282,522 $75,041 $2,357,563
($11,701)
TATUM
TEXICO
$3,904,368 $15,431 $0 $3,888,937 $5,144 $3,909,512 $3,786,206 $0 $3,790,393 $20,575 $3,810,968
($98,544)
TEXICO
TRUTH OR CONSEQ.
$9,932,624 $94,842 $0 $9,837,782 $31,614 $9,964,238 $9,478,167 $0 $9,647,305 $126,456 $9,773,762
($190,477)
TRUTH OR CONSEQ.
TUCUMCARI
$7,516,901 $19,773 $0 $7,497,128 $6,591 $7,523,492 $7,128,805 $0 $7,302,305 $26,364 $7,328,668
($194,824)
TUCUMCARI
TULAROSA
$7,608,314 $180,081 $0 $7,428,233 $60,027 $7,668,341 $7,205,171 $0 $7,391,418 $240,108 $7,631,526
($36,814)
TULAROSA
VAUGHN
$1,119,752 $11,840 $0 $1,107,912 $3,947 $1,123,698 $1,039,262 $0 $1,088,467 $15,786 $1,104,253
($19,445)
VAUGHN
WAGON MOUND
$1,963,845 $7,711 $0 $1,956,134 $2,570 $1,966,415 $1,868,653 $0 $1,907,593 $10,281 $1,917,874
($48,541)
WAGON MOUND
WEST LAS VEGAS
$14,899,798 $43,103 $0 $14,856,695 $14,368 $14,914,166 $13,937,844 $0 $14,480,230 $57,471 $14,537,701
($376,464)
WEST LAS VEGAS
RIO GALLINAS CHARTER SCHOOL
$422,526 $0 $0 $422,526 $0 $422,526 $403,148 $0 $410,390 $0 $410,390
($12,136)
RIO GALLINAS CHARTER SCHOOL
WEST LAS VEGAS W/CHARTER $15,322,324 $43,103 $0 $15,279,221 $14,368 $15,336,692 $14,340,992 $0 $14,890,621 $57,471 $14,948,092
($388,600)
ZUNI
$11,371,014 $4,605,690 $0 $6,765,324 $1,535,230 $12,906,244 $10,862,566 $0 $11,044,021 $6,140,920 $17,184,941 $4,278,697 ZUNI
STATEWIDE
$2,027,358,726 $57,731,868 $164,704 $1,969,462,155 $19,243,956 $2,046,602,682 $1,917,826,859 $164,704 $1,969,462,155 $76,975,823 $2,046,602,682 $0 15
126
*
*2006-2007 funded data are not yet available.
**The State Equalization Guarantee total includes any funds set aside by school districts for energy efficiency payments.
Source: PED 2005-2006 Final Funded SEG
Page 3 of 3
LESC: 2/28/2007