LAPS financing 101

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By The Staff

Confused about how our public schools are funded? You’re not alone! A convergence of three major events will affect Los Alamos Public Schools (LAPS) for many years to come. They are distinctly different, and need to be kept separate, not only in the practice of acquiring and spending funds, but also in the understanding of how these funds can be used.

LAPS receives funding from three areas. Money through the state is determined through a state funding formula to go toward transportation and instructional materials. Grants include Title II and IV funds, a New Mexico Public Education Department Arts Grant, Public Service Company of New Mexico and the Los Alamos Public Schools Foundation grants. The district also receives $8 million from the Department of Energy (DOE).

These operational funds can only be used to support and deliver instructional programs, athletics and activities such as salaries, curricular materials, supplies, technology and transportation.

The second area for funding includes referendums and bonds, which can only be used for new buildings and maintenance.

The final area is funding form revenue generating sources, which are school property leased to Los Alamos National Laboratory, the Trinity Site Development project, which can be used either for operations or facilities.

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