2021 New Mexico Statutes
Article 8 - Public School Finance
Section 22-8-49 - Teacher cost index; licensure-experience factor; report.

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
Level
Years of Experience
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 [Chapter 22, Article 10A NMSA 1978]; and
(2) "years of experience" is as defined by department rule.
History: Laws 2018, ch. 55, § 5.
Effective date. — Laws 2018, ch. 55, § 9 made Laws 2018, ch. 55, § 5 effective July 1, 2018.

Structure 2021 New Mexico Statutes