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The New Mexico Public Education Department is weighing its options after learning its failure to meet a deadline to submit school funding data to the federal government could cost the state millions of dollars. The PED s submission was three days late, federal officials say, and now the agency has asked the state treasurer to transfer more than $37.5 million from a state reserve fund by the end of the month to make distributions to local education agencies. The shortfall at the state agency comes after the PED in March 2020 missed a deadline by which to submit a full application seeking U.S. Department of Education approval to take credit for federal Impact Aid in the state s formula for funding public schools.

New mexicoUnited statesFaatimah muhammadGallup sunMarilyn hallRyan stewartMike hyattJudy robinsonSam collins jrImpact aid programImpact aid officeMexico public education departmentUs department of educationNew mexico public education departmentImpact aidDeputy treasurer