{"data":{"id":"us-nm/22-8-49","jurisdiction":"us-nm","citation":"22-8-49","heading":"Teacher cost index; licensure-experience factor; report.","body":"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:\nLicensure\nLevel\tYears of Experience\n\t0 to 2\t3 to 5\t6 to 8\t9 to 15\tOver 15\n1\t0.755\t0.785\t0.800\n2\t\t0.994\t1.023\t1.050\t1.123\n3\t\t\t1.184\t1.208\t1.277.\nB. 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:\n(1) data on the relationship of licensure-experience factors to actual teacher costs;\n(2) an analysis of the relationships among a teacher's licensure level, educational attainment, years of experience and salary; and\n(3) recommended changes, if any, to this section of the Public School Finance Act.\nC. As used in this section:\n(1) \"licensure level\" is the teaching licensure level as defined in the School Personnel Act [Chapter 22, Article 10A NMSA 1978]; and\n(2) \"years of experience\" is as defined by department rule.","path":["Chapter 22 - Public Schools","ARTICLE 8 Public School Finance"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18522/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"b49170ff6ea3e330d4d80a4426cef7763d1dd0987e1a3dc63d0b07aca32a349b","source_id":"us-nm","stale":false,"prev":"us-nm/22-8-48","next":"us-nm/22-8a-1"},"notice":"GroundRules: Original legal text. Not legal advice."}