The unfairness of the fair funding formula

SANTA FE – A bill reforming the state school funding formula passed the House of Representatives by a 52-16 margin last week and then quickly won a “do-pass” ticket through its first committee in the Senate on Friday.The bill is of concern to Los Alamos because the proposed changes affect local schools in reverse. While the bill is meant to increase funding for state schools, and does appear to increase state-funded program costs of 86 of the 89 school districts in the state, Los Alamos would lose nearly $1.9 million annually if the formula were in effect this year. Two other small districts would lose less than $88,000 between them.Rep. Jeannette Wallace, R-Los Alamos, Sandoval and Santa Fe, led the opposition to the bill, raising unresolved questions and several unknowns about the bill’s uncertain future.“I do have a problem with this bill,” she said. “It hurts when you take $2 million away from one school district.”  

Where are the funds?

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