With the Legislature facing a budget deficit during the current legislative session and K-12 education facing at least minor cuts, many in the education establishment are saying that education spending is declining or that the schools have been “cut to the bone.”
In an effort to replace empty rhetoric with actual data, we at the Rio Grande Foundation took a close look at the United States Census “Public Education Finances” report which has tracked education spending by state since the 1991-1992 school years. This data clearly shows that per-pupil education spending in New Mexico has risen dramatically over the past two decades. A chart detailing this dramatic rise can be found below. The full report including chart is available here.