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F I S C A L I M P A C T R E P O R T
SPONSOR Nava
DATE TYPED 2/14/05
HB
SHORT TITLE Business Training for Certain Teachers
SB 383
ANALYST Chabot
APPROPRIATION
Appropriation Contained Estimated Additional Impact Recurring
or Non-Rec
Fund
Affected
FY05
FY06
FY05
FY06
$100.0
Recurring General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to HB 155
SOURCES OF INFORMATION
LFC Files
Responses Received From
Public Education Department (PED)
SUMMARY
Synopsis of Bill
Senate Bill 383 appropriates $100 thousand from the general fund to PED for the purpose of
providing economic education instruction and other business related training aligned with social
studies content standards, benchmarks, and performance standards to public school teachers.
Significant Issues
PED assesses “teachers are responsible for the delivery of economic education as part of the K-
12 New Mexico Social Studies Content Standards, Benchmarks and Performance Standards.
Elementary teachers, in particular, may have a difficult time acquiring economic education as
part of their undergraduate teacher preparation program. This training opportunity would pro-
vide teachers with additional knowledge and skills…” Studies cited by the department find there
is a lack of economic information in the populace.