Budget Archives - New Mexico Education https://nmeducation.org/tag/budget/ Your home for all things education in The Land of Enchantment Thu, 30 May 2024 17:53:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://nmeducation.org/wp-content/uploads/2021/12/11-29-2021_NewMexico_NMEducationLogo_V1-08-150x150.png Budget Archives - New Mexico Education https://nmeducation.org/tag/budget/ 32 32 202004729 Albuquerque Public Schools Board Approves $2.15 Billion Budget for 2024-25 https://nmeducation.org/albuquerque-public-schools-board-approves-2-15-billion-budget-for-2024-25/ Thu, 30 May 2024 02:38:43 +0000 https://nmeducation.org/?p=5700 The Albuquerque Public Schools Board of Education has approved a $2.15 billion budget for the 2024-25 fiscal year, focusing on operational costs, infrastructure, and various educational programs. The budget process emphasized alignment with district goals and community values, ensuring efficient use of resources and strategic investment in student outcomes.

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]]> 5700 APS Works to Spend Resources and Manage Funds Effectively https://nmeducation.org/aps-works-to-spend-resources-and-manage-funds-effectively/ Wed, 15 May 2024 21:00:00 +0000 https://nmeducation.org/?p=5677 The Albuquerque Public Schools Board of Education reviewed their progress on Guardrail 2, which is focused on allocating resources equitably using funds to improve student outcomes. The district has implemented strategies such as improving substitute retention, introducing a fair-student funding formula, and reducing unspent funds, although challenges like high turnover and system inefficiencies persist.

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]]> 5677 Albuquerque Public Schools Prepares Budget Amid Financial Challenges and Enrollment Declines https://nmeducation.org/albuquerque-public-schools-prepares-budget-amid-financial-challenges-and-enrollment-declines/ Fri, 19 Apr 2024 16:00:00 +0000 https://nmeducation.org/?p=5628 Albuquerque Public Schools is preparing for a tighter 2025 budget due to declining student enrollment and the expiration of federal ESSER funds The district is exploring alternative funding sources to continue essential services like social-emotional learning software and tutoring for students, alongside necessary budget cuts and reallocations. The Board of Education will vote on the full budget when it is presented at the May 29 board meeting.

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]]> 5628 Albuquerque Public Schools Embrace Community-Driven Approach to Budgeting https://nmeducation.org/albuquerque-public-schools-embrace-community-driven-approach-to-budgeting/ Tue, 27 Feb 2024 23:26:49 +0000 https://nmeducation.org/?p=5488 The Albuquerque Public Schools Board of Education held a community meeting to discuss the 2024-2025 budget process and emphasize a shift towards a "Student Outcomes Focused Governance" (SOFG) model to prioritize student outcomes in all decisions. The district faces financial challenges including the expiration of $242 million in ESSER funds, declining student enrollment, inflation, and restricted fund usage, with a projected budget decrease to $1.9 billion from $2.2 billion. The budget planning process involves gathering input from community members, schools and departments submitting their budgets for consideration, and a budget steering committee of community members and APS staff making final decisions, all aimed at aligning resources to improve student outcomes and address financial constraints.

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]]> 5488 Albuquerque Public Schools Seeks Community Input on Next Year’s Budget https://nmeducation.org/albuquerque-public-schools-seeks-community-input-on-next-years-budget/ Fri, 23 Feb 2024 20:22:45 +0000 https://nmeducation.org/?p=5480 Albuquerque Public Schools is seeking community input for its 2024-2025 budget to address significant financial adjustments and align with educational goals. Two public forums are scheduled to discuss the incorporation of one-time federal pandemic relief funds into the regular budget and to gather community perspectives on budgetary priorities. This effort is aligned to the APS' "Emerging Better" strategic plan, aiming to enhance literacy, math proficiency, and prepare students for post-secondary success, underscoring the importance of community involvement in shaping the district's financial and educational future.

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]]> 5480 New Mexico House Passes $10.2 Billion Budget with Historic $4.7 Billion for Public Education https://nmeducation.org/new-mexico-house-passes-10-2-billion-budget-with-historic-4-7-billion-for-public-education/ Thu, 08 Feb 2024 17:49:57 +0000 https://nmeducation.org/?p=5449 The New Mexico House of Representatives has approved a nearly $10.2 billion spending plan, with a significant portion allocated to public education, totaling $4.705 billion. Passed on January 31 by a vote of 53-16, the budget aims to address educational challenges highlighted by the Yazzie-Martinez court ruling. The budget is now being considered by the Senate Finance Committee, and will then move to the full Senate for further consideration.

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