N.M. Stat. § 22-8-12.1

§ 22-8-12.1. Membership projections and budget requests

Year: 2026Length: 225 wordsSubsections: 3
A. Each local school board or governing body of a state-chartered charter school shall submit annually, on or before October 15, to the department: (1) an estimate for the succeeding fiscal year of: (a) the membership of qualified students to be enrolled in the basic program; (b) the full-time-equivalent membership of students to be enrolled in approved early childhood education programs; and (c) the membership of students to be enrolled in approved special education programs; (2) all other information necessary to calculate program costs; and (3) any other information related to the financial needs of the school district or state-chartered charter school as may be requested by the department. B. All information requested pursuant to Subsection A of this section shall be submitted on forms prescribed and furnished by the department and shall comply with the department's rules and procedures. C. The department shall: (1) review the financial needs of each school district or state-chartered charter school for the succeeding fiscal year; and (2) submit annually, on or before November 30, to the secretary of finance and administration the recommendations of the department for: (a) amendments to the public school finance formula; (b) appropriations for the succeeding fiscal year to the public school fund for inclusion in the executive budget document; and (c) appropriations for the succeeding fiscal year for pupil transportation and instructional materials.
N.M. Stat. § 22-8-12.1: § 22-8-12.1. Membership projections and budget requests | Justis AI