New Mexico education officials propose new $5.9B budget with 2.9% increase

The New Mexico Public Education Department on Thursday laid out spending plans for a proposed $5.9 billion budget for the Fiscal Year 2028 budget, a 2.9% increase over FY27. PED requested, in the wake of the landmark Yazzie/Martinez case, $30 million for Indian education and $1.7 million for bilingual multicultural education, among other education

By: Matt Mondschein

Outlets: Source New Mexico

Published: September 24, 2026

Words: 389

Last Updated: 2 weeks, 3 days ago


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The New Mexico Public Education Department on Thursday laid out spending plans for a proposed $5.9 billion budget for the Fiscal Year 2028 budget, a 2.9% increase over FY27.

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In a joint presentation to the interim Legislative Finance and Education Study committees, PED officials detailed budget priorities, which include building on improvements with literacy rates and chronic absenteeism, and continuing to …

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