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SB19 • 2026

SCHOOL FINANCE UNIT VALUE RESET

SCHOOL FINANCE UNIT VALUE RESET

Education
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Senator Craig W. Brandt, Senator Pete Campos, Senator Roberto "Bobby" J. Gonzales, Senator Steve D. Lanier, Senator Michael Padilla, Senator Shannon D. Pinto, Senator Benny Shendo, Jr., Senator William P. Soules, Senator Linda M. Trujillo, Senator Peter Wirth, Senator Pat Woods
Last action
Official status
[3] SCC/SEC-SCC-germane-SEC- DP [5] PASSED/S (36-1) [2] HEC-HEC [3] DP - PASSED/H (65-0) [5] SGND BY GOV (Jan. 31) Ch. 2.
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

SCHOOL FINANCE UNIT VALUE RESET

SCHOOL FINANCE UNIT VALUE RESET

What This Bill Does

  • SCHOOL FINANCE UNIT VALUE RESET

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-01-30 New Mexico Legislature

    HEC: Reported by committee with Do Pass recommendation

  2. 2026-01-30 New Mexico Legislature

    Passed in the House of Representatives - Y:65 N:0

  3. 2026-01-28 New Mexico Legislature

    SEC: Reported by committee with Do Pass recommendation

  4. 2026-01-28 New Mexico Legislature

    Passed in the Senate - Y:36 N:1

  5. 2026-01-28 New Mexico Legislature

    Sent to HEC - Referrals: HEC

  6. 2026-01-26 New Mexico Legislature

    SCC: Reported by committee to fall within the purview of a 30 day session

  7. 2026-01-23 New Mexico Legislature

    Sent to SCC - Referrals: SCC/SEC

  8. New Mexico Legislature

    Signed by Governor - Chapter 2 - Jan. 31

Official Summary Text

SCHOOL FINANCE UNIT VALUE RESET

Current Bill Text

Read the full stored bill text 
SB 19
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AN ACT
RELATING TO PUBLIC SCHOOL FINANCE; PROVIDING FOR THE RESET OF
THE UNIT VALUE; DECLARING AN EMERGENCY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. TEMPORARY PROVISION--RESET FISCAL YEAR 2026
UNIT VALUE.--On verification of the number of units statewide
for fiscal year 2026, but no later than February 27, 2026,
the secretary of public education may adjust the unit value.
In adjusting the unit value in February, the public education
department shall consult with the department of finance and
administration, the legislative finance committee and the
legislative education study committee.
SECTION 2. EMERGENCY.--It is necessary for the public
peace, health and safety that this act take effect
immediately.