|New Mexico State Department
300 Don Gaspar
Santa Fe, NM 87501-2786
Public Outreach Director
January 31, 2003
SDE Announces 2002-2003 Change in Unit Value
(Santa Fe, NM)-The New Mexico State Department of Education (SDE)
announced today that the 2002-2003 program unit value has been set
at $2,889.89, a decrease of $6.12 over the initial unit value of
$2,896.01 projected last spring. The unit value determines the amount
of state funds provided to each New Mexico public school student
for programs and services.
"In July, the director of School Budget and Finance Analysis,
Steve Burrell, alerted superintendents that such a reduction in
unit value was a real possibility and limited the Budget Adjustment
Requests (BARS) to 60 percent of the total calculated increase in
program cost," said State Superintendent of Public Instruction
Michael J. Davis. "That precaution was sufficient notice for
most districts," he added.
The appropriated program cost for 2001-2002 was $1,714,906,200.
The SDE's announcement pertains to funds appropriated for public
schools by last year's Legislature.
The New Mexico State Board of Education (SBE) in its 2003 legislative
package has requested supplemental emergency funds that, if approved,
will offset the need to reduce the unit value.