- EDUCATION FUNDING-NEW MEXICO
SANTA FE, N.M. (AP) — Gov. Michelle Lujan Grisham wants to make New Mexico teacher salaries the highest among neighboring states. Tapping into a glut of oil and gas tax revenue, she's proposing raising educator salaries anywhere from 7% to 20%, depending on their role and level of experience. The cost would be around $275 million. Minimum salaries for entry-level teachers would increase from $41,000 to $50,000. In Texas, starting salaries average around $44,500.