---
type: "Bill"
title: "SCHOOL FINANCE UNIT VALUE RESET"
description: "SCHOOL FINANCE UNIT VALUE RESET"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2026"
identifier: "SB 19"
citation: "New Mexico SB 19 (2026)"
classification: ["bill"]
subjects: ["EDUCATION", "PUBLIC SCHOOLS", "FINANCE", "PUBLIC"]
status: "enacted"
primary_sponsors: ["Campos, Pete", "Gonzales, Roberto \"Bobby\" J.", "Shendo, Benny, Jr.", "Soules, William P.", "Trujillo, Linda M."]
version_count: 2
action_count: 8
vote_count: 2
first_action: "2026-01-23"
last_action: "2026-02-02"
source: "openstates"
source_identifier: "ocd-bill/1ba7f519-e459-404d-a33d-f906684988a0"
source_url: "https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=19&year=26"
source_hash: "270ee2f0b6856872c64b390ea3317e40d28761e383d56019efbba848389f3d12"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nm"]
---

# New Mexico SB 19 (2026) — SCHOOL FINANCE UNIT VALUE RESET

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Final Version** (committee substitute) — [source](https://www.nmlegis.gov/Sessions/26%20Regular/final/SB0019.PDF)
2. **introduced version** (committee substitute) — [source](https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0019.HTML)

## Votes

- senate passage — **36–1** (pass) · upper
- house passage — **65–0** (pass) · lower

## Sponsors

- Campos, Pete — primary (person)
- Gonzales, Roberto "Bobby" J. — primary (person)
- Shendo, Benny, Jr. — primary (person)
- Soules, William P. — primary (person)
- Trujillo, Linda M. — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2026-01-23** Sent to Senate Committees' Committee & Senate Education Committee `introduction, referral-committee`
- **2026-02-02** Signed `executive-signature`
- **2026-01-26** germane
- **2026-01-28** DO PASS committee report adopted `committee-passage-favorable`
- **2026-01-28** passed Senate `passage`
- **2026-01-28** Sent to House Education Committee `introduction, referral-committee`
- **2026-01-30** DO PASS committee report adopted `committee-passage-favorable`
- **2026-01-30** passed House `passage`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1ba7f519-e459-404d-a33d-f906684988a0`. Confidence: reported (aggregated from official New Mexico legislature records).