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New Mexico Statutes Chapter 22. Public Schools § 22-8-49. Teacher cost index; licensure-experience factor; report

Current as of January 01, 2024 | Updated by Findlaw Staff

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

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; and

(2) “years of experience” is as defined by department rule.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 22. Public Schools § 22-8-49. Teacher cost index; licensure-experience factor; report - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-22-public-schools/nm-st-sect-22-8-49/

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