Committee reviews Rio Rancho funding formula amidst $3M budget deficit

During the recent Regular School Board Meeting held by Taos Municipal Schools on May 22, 2025, significant discussions centered around budget management and the complexities of the state funding formula. A key highlight was the acknowledgment of a $2.1 million excess in the State Equalization Guarantee (SEG) for the fiscal year 2024-2025, which officials noted would need to be addressed through insurance adjustments.

Board members expressed concerns about the current budgeting process, emphasizing the need for more accurate forecasting to prevent overstating departmental needs in the future. This proactive approach aims to ensure that the financial planning aligns more closely with actual expenditures, thereby enhancing fiscal responsibility.

Additionally, the meeting touched on the ongoing challenges with the state funding formula, which has been criticized for inadequately supporting various districts. Board members noted that while some areas benefit from the formula, others, including Taos, face significant deficits. The discussion highlighted the importance of continued dialogue with state legislators to seek a more equitable funding structure that addresses the diverse needs of all districts.

The board also addressed the necessity of upgrading the audio system for operational events, indicating a commitment to improving communication and engagement within the school community.

As the board moves forward, there is a clear focus on refining budget strategies and advocating for necessary changes in state funding to better serve the educational needs of Taos students. The outcomes of these discussions will be crucial as the district prepares for the upcoming fiscal year.