New Mexico § 22-8-49 Teacher cost index; licensure-experience factor; report

New Mexico Statutes

§ 22-8-49 — Teacher cost index; licensure-experience factor; report

New Mexico § 22-8-49

Ch. 22Public Schools

Art. 8Public School Finance

This text of New Mexico § 22-8-49 (Teacher cost index; licensure-experience factor; report) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 22-8-49 (2026).

Text

A.The teacher cost index for each school district or charter school shall be calculated in accordance with instructions issued by the department. The teacher cost index for a school district in its first year of operations is 1.0. The teacher cost index for a school district or charter school in its second or subsequent year of operations is the greater of 1.0 or the average of the licensure-experience factors of all full-time- equivalent teachers on the school district's or charter school's payroll in October of that year who are assigned classroom teaching responsibilities. The licensure-experience factor of a teacher corresponds to the teacher's licensure level and years of experience and is as follows: Licensure Level Years of Experience 0 to 2 3 to 5 6 to 8 9 to 15 Over 15 1 0.755 0.

Free access — add to your briefcase to read the full text and ask questions with AI

A. The teacher cost index for each school district or charter school shall be calculated in accordance with instructions issued by the department. The teacher cost index for a school district in its first year of operations is 1.0. The teacher cost index for a school district or charter school in its second or subsequent year of operations is the greater of 1.0 or the average of the licensure-experience factors of all full-time- equivalent teachers on the school district's or charter school's payroll in October of that year who are assigned classroom teaching responsibilities. The licensure-experience factor of a teacher corresponds to the teacher's licensure level and years of experience and is as follows: Licensure Level Years of Experience 0 to 2 3 to 5 6 to 8 9 to 15 Over 15 1 0.755 0.785 0.800 2 0.994 1.023 1.050 1.123 3 1.184 1.208 1.277. B. Beginning in 2021, the department, legislative education study committee staff and legislative finance committee staff shall jointly prepare and submit a report by November 1 of each year to the governor, the legislative education study committee and the legislative finance committee that includes: (1) data on the relationship of licensure-experience factors to actual teacher costs; (2) an analysis of the relationships among a teacher's licensure level, educational attainment, years of experience and salary; and (3) recommended changes, if any, to this section of the Public School Finance Act. C. As used in this section: (1) "licensure level" is the teaching licensure level as defined in the School Personnel Act [Chapter 22, Article 10A NMSA 1978]; and (2) "years of experience" is as defined by department rule.