SANTA FE, NM (STL.News) Gov. Michelle Lujan Grisham on Monday signed legislation establishing the Family Income Index, an innovative strategy to direct additional funding to schools with concentrated poverty, which is known to contribute to low academic performance.
“The Family Income Index is rooted in our desire to give every New Mexico student, no matter their family’s income status, an equal opportunity to the resources essential for a quality education,” Gov. Lujan Grisham said. “We know that when a school has many students in need, extra resources are needed for all. With this measure, we can meet that need with pinpoint accuracy.”
The measure, Senate Bill 17, allows the Public Education Department to use data from two other agencies and census data to identify the household income of every New Mexico public school student in order to identify schools with the highest concentrations of poverty. Additional funding then will be directed to those schools.
The bill passed the Senate 35-6 on March 13 and passed the House 52-18 on March 19.
The New Mexico Public Education Department first proposed a Family Income Index in December as a partnership with the Taxation and Revenue and Human Services departments.