New Mexico legislation · 2026 Regular Session
New Mexico SB19: SCHOOL FINANCE UNIT VALUE RESET
Status: Signed into law, January 31, 2026
What the bill says
An act relating to public school finance; providing for the reset of the unit value; declaring an emergency.
From the enrolled text, February 2, 2026:
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. SB Page
Sponsors
- William P. Soules (D, SD-037) · primary sponsor
- Benny Shendo, Jr. (D, SD-022)
- Linda M. Trujillo (D, SD-024)
- Pete Campos (D, SD-008)
- Roberto "Bobby" J. Gonzales (D, SD-006)
- Craig W. Brandt (R, SD-040)
- Steve D. Lanier (R, SD-002)
- Michael Padilla (D, SD-014)
- Shannon D. Pinto (D, SD-003)
- Peter Wirth (D, SD-025)
- Pat Woods (R, SD-007)
Latest actions
- : Signed by Governor - Chapter 2 - Jan. 31
- : Passed in the House of Representatives - Y:65 N:0
- : HEC: Reported by committee with Do Pass recommendation
- : Sent to HEC - Referrals: HEC
- : Passed in the Senate - Y:36 N:1
- : SEC: Reported by committee with Do Pass recommendation
- : SCC: Reported by committee to fall within the purview of a 30 day session
- : Sent to SCC - Referrals: SCC/SEC
Votes
- House Floor Vote (January 30, 2026): 65 yea, 0 nay, passed
- Senate Floor Vote (January 28, 2026): 36 yea, 1 nay, passed
Subjects: EDUCATION, PUBLIC SCHOOLS, FINANCE, PUBLIC
Common questions
- What is SB19?
- SB19 is a bill in the New Mexico Legislature (2026 Regular Session): SCHOOL FINANCE UNIT VALUE RESET.
- What does SB19 do?
- In its own words: An act relating to public school finance; providing for the reset of the unit value; declaring an emergency.
- What is the status of SB19?
- Signed into law as of January 31, 2026. Latest action: Signed by Governor - Chapter 2 - Jan. 31 (January 31, 2026).
- Who sponsored SB19?
- William P. Soules (D, SD-037), with 10 co-sponsors.
- Where is the official record for SB19?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=19&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.