Santa Fe Standard

The New Mexico Public Education Department (PED) has announced an increase in the 2024-25 unit value, affecting school funding in the upcoming academic year. Superintendent Hilario "Larry" Chavez expressed concern over the lack of additional funding for the new requirement of 180 days of instruction, stating, "The 180-day requirement is now an unfunded mandate. We're carefully crafting our 2024-25 budget given this recent development."

Superintendent Chavez also highlighted the financial challenges facing SFPS, including increases in employee health insurance, benefits, and risk coverage. He noted the significant impact of the rising risk coverage costs, emphasizing the need for careful budgetary considerations across districts statewide.

Moreover, the expiration of federal Elementary and Secondary School Emergency Relief Funding (ESSER) in September adds to the financial complexity. Despite these challenges, Superintendent Chavez reassured the community, stating, "The SFPS Board of Education has built a cash reserve that should see us through."

As SFPS prepares for the 2024-25 school year, adjustments to the calendar are underway to meet the PED's 180-day rule. Superintendent Chavez confirmed that the school start date will remain on Friday, August 9th, as the district works towards fulfilling the instructional-day requirements.

With the SFPS Board targeting May 9th for the approval of the next year's budget, careful financial planning and strategic decisions will be vital to navigate the financial landscape ahead.