SANTA FE, N.M. — State Sen. Daniel Ivey-Soto has proposed a moratorium on new charter schools in response to state funding formulas that provide more per pupil to the charters than traditional public schools.
The Albuquerque Democrat discussed the idea during a Legislative Education Study Committee at Los Alamos High, which included a presentation on school funding last week.
LESC worked with the Legislative Finance Committee to prepare the report showing that charters collect an average of $8,728 per-student statewide versus $7,639 per-student at school districts. Charters and rural districts use a small-school funding formula that provides them with more money because they don’t benefit from economies of scale.
Ivey-Soto argues that, as a result, New Mexico simply can’t afford any more charters.