LESC staff propose SCG revisions: raise secondary multiplier, embed Family Income Index, create standalone EL component
LESC public school finance staff proposed raising the secondary factor (grades 7'12) from 1.25 to 1.30, embedding the Family Income Index (FII) as the poverty measure, creating a standalone English-learner component and removing the mobility component; staff estimate a combined SCG distribution increase of about $132.6 million.
The full story
LESC public school finance staff presented a proposed revision to New Mexico's State Equalization Guarantee (SCG) that would redistribute existing formula funding to better target secondary programming and concentrated poverty and provide a standalone allocation for English learners.
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