New Mexico Governor Michelle Lujan Grisham Opts State into Federal Scholarship Tax Credit
Governor Michelle Lujan Grisham announced on November 4, 2026, that New Mexico will opt into the Federal Scholarship Tax Credit (FSTC). This decision aims to create new funding opportunities for public schools, supporting initiatives such as literacy and math programs, after-school activities, and computer resources. The FSTC allows taxpayers to claim a federal income tax credit of up to $1,700 annually ($3,400 for joint filers) for qualifying cash donations to approved nonprofit scholarship-granting organizations (SGOs). These donations will fund scholarships for K-12 students in both public and private schools, covering expenses like academic tutoring, special education services, technology, books, supplies, and public school fees for supplemental programs. Governor Lujan Grisham emphasized that this move is crucial for bolstering public education and student achievement in New Mexico, especially given diminishing federal investment in education. The New Mexico Public Education Department will establish ...