House Memorial 47 requests the Legislative Education Study Committee to conduct a comprehensive 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 emphasizes the ongoing difficulties in staffing schools, the impact of salary compaction, and the rising health insurance premiums that diminish the effectiveness of recent salary increases.

The memorial calls for collaboration among various stakeholders, including the Public Education Department, educator preparation programs, and teachers' unions, to ensure a thorough examination of how salary competitiveness and sustainability affect recruitment and retention of school employees. Additionally, it mandates that the findings, conclusions, and recommendations from the study be compiled into a public report to be submitted to the governor and the legislature by December 31, 2025.