Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance
committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports
if they are used for other purposes.
Current FIRs (in HTML & Adobe PDF formats) are a vailable on the NM Legislative Website (legis.state.nm.us).
Adobe PDF versions include all attachments, whereas HTML versions may not. Previously issued FIRs and
attachments may be obtained from the LFC in Suite 101 of the State Capitol Building North.
F I S C A L I M P A C T R E P O R T
SPONSOR Asbill
ORIGINAL DATE
LAST UPDATED
2/1/2007
2/2/2007 HB
SHORT TITLE Charter School Program Cost Calculations
SB 156
ANALYST Aguilar
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
NFI
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to appropriations in the General Appropriation Act
SOURCES OF INFORMATION
LFC Files
Responses Received From
Public Education Department (PED)
Office of Educational Accountability (OEA)
SUMMARY
Synopsis of Bill
Senate Bill 156 adds the charter school student activities program unit into the program cost
calculation.
FISCAL IMPLICATIONS
Senate Bill 156 does not contain an appropriation.
The cost differential factor of 0.1 times the number of charter school students participating in
school district activities would be minimal for most districts except for Albuquerque, which has
the highest concentration of charter schools within its boundaries.
PED will need to establish a unit value for charter school activities in order to determine the
potential fiscal impact.