House Memorial 47, introduced by Tanya Mirabal Moya and Brian G. Baca, requests the Legislative Education Study Committee to conduct a study on public school employee compensation in New Mexico. The bill highlights the alarming statistics regarding student proficiency in reading and mathematics, the challenges faced by at-risk students, and the critical need for effective teachers and administrators to address these issues. It also points out the high turnover rates among teachers and school administrators, the difficulties in staffing necessary positions, and the impact of increasing health insurance premiums on employee salaries.

The memorial emphasizes the importance of fair and competitive compensation in improving recruitment and retention of school employees, particularly for highly effective teachers and administrators. It calls for collaboration among various stakeholders, including the Public Education Department and teachers' unions, to assess how salary competitiveness, compaction, and sustainability affect recruitment and retention. The Legislative Education Study Committee is tasked with reporting its findings and recommendations to the governor and the legislature by December 31, 2025.