A study commissioned by the New Mexico Education Partners (NEA-NM is a member) about funding public education with a gross receipts tax has determined that the majority of the state's registered voters, who were polled, support this method as a stable funding source. This is an important development as the funding formula bill is being voted on Monday, March 9, 2009.
The study conducted between March 2 and 3, 2009 puts the legislation to fund the new public schools funding formula in a more favorable light. The study's highlights and key findings are laid out in a summary report.
The proposal to be considered by lawmakers provides for a gross receipts tax of three quarters of one percent for additional public school education. When respondents were told that school funding would be cut without the tax increase, even more voters supported the increase.
To follow the hour-by-hour developments on this critical phase of the vote in the legislature, check with the 60-day session blog on the NEA-NM web site.
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