The Roswell Independent School District is preparing for its annual budget and possible changes to increase the days of the school year.
RISD Superintendent Dr. Ann Lynn McIlroy and Chad Cole, assistant superintendent of finance and operations, met with three budget advisory committee members and other assistant superintendents on March 20 to share information about the impact of the recent legislative session to the district’s finances. The committee also met on Feb. 22. Cole shared a PowerPoint and listed informational items.
Cole presented that House Bill 2 (HB 2) and HB 5 will have changes for school districts statewide. Cole said the projected figures are subject to change, since Gov. Michelle Lujan Grisham has until April 5 to act or not on legislation from the session that ended March 16.
House Bill 2
Cole said HB 2 has increased above-the-line funding by $534 million to $3.08 billion in fiscal year 2019-2020. He defined above-the-line funding as formula driven revenue that goes directly to the school district and below-the-line funding goes to the Public Education Department (PED) for allocation to districts through an application process.
He said funding for instructional materials is now a special appropriation and is up from 52 percent last year.
HB 2 also maintains statewide above-the-line funding for public school’s dual credit at $1 million and Cole said dual credit hasn’t been funded in the past at the higher education levels. Cole said there will be direct appropriations to Eastern New Mexico University, $107,700 for Roswell and $139,600 for Portales, for dual credit instructional materials.