Shown verbatim: the complete text as captured from the official page posted by the New Mexico Legislature, fetched 2026-08-23. Where this bill amends existing law, language marked for deletion in the official page appears here in brackets. This is the introduced version. The official bill page.
SENATE BILL 19 57th legislature - STATE OF NEW MEXICO - second session, 2026 INTRODUCED BY William P. Soules and Benny Shendo, Jr. And Linda M. Trujillo and Pete Campos and Roberto "Bobby" J. Gonzales 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. .233128.4
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