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SPONSOR: | Maes | DATE TYPED: | 01/26/00 | HB | |||
SHORT TITLE: | Affordable Housing for Santa Fe Teachers | SB | 46 | ||||
ANALYST: | Baca |
Recurring
or Non-Rec |
Fund
Affected | ||||
FY00 | FY01 | FY00 | FY01 | ||
$ 200.0 | Recurring | GF |
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates/Conflicts with/Companion to/Relates to
SOURCES OF INFORMATION
LFC files\SDE
SUMMARY
Synopsis of Bill
Senate Bill 46 appropriates $200.0 to SDE to plan and develop a school-district-owned teacher housing program in Santa Fe.
Significant Issues
Information provided by the Santa Fe Public Schools and SDE shows that Santa Fe has the second highest cost of living among the nine cities for which the American Chamber of Commerce Researchers Association (ACCRA) gathers data. The report concludes that teachers in Santa Fe and Los Alamos have a more difficult time finding affordable housing than teachers in other areas of the state.
The 1999 Legislature appropriated $300.0 to SDE to plan and develop a housing program, and this bill appears to be a continuation of efforts to provide affordable housing for Santa Fe teachers.
FISCAL IMPLICATIONS
The bill appropriates $200.0 from the general fund to the SDE for expenditure in fiscal year 2001. Any unexpended or unencumbered balance remaining at the end of fiscal year 2001 shall revert to the general fund.
CONFLICT/DUPLICATION/COMPANIONSHIP/RELATIONSHIP
None apparent.
TECHNICAL ISSUES
None apparent.
OTHER SUBSTANTIVE ISSUES
In the SDE analysis, a conflict with local autonomy is perceived.
LB/njw