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F I S C A L I M P A C T R E P O R T
SPONSOR Boitano
ORIGINAL DATE
LAST UPDATED
1/29/2008
HB
SHORT TITLE Study Charter School Innovations’
SB 314
ANALYST Aguilar
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY08
FY09
$75.0 Non-Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Public Education Department (PED)
SUMMARY
Synopsis of Bill
Senate Bill 314 appropriates $75 thousand from the general fund to Public Education
Department for the purpose of conducting a study of the innovations that are emerging from New
Mexico charter schools.
The department shall report the study finding to the LESC, the sate School Boards Association
and the State Superintendents Association.
FISCAL IMPLICATIONS
The appropriation of $75 thousand contained in this bill is a nonrecurring expense to the general
fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2009 shall
revert to the general fund.
SIGNIFICANT ISSUES
PED notes charter Schools, as public schools of choice in New Mexico, are encouraged to use
innovative practices. A report published by the New Mexico Research and Study Council in
2004 described effective practices in charter schools and brought to light interesting and