Rio Rancho schools denied cash infusion

SANTA FE, N.M. (AP) - The state Board of Finance has turned down a request by Rio Rancho Public Schools for $500,000 in emergency state aid to help with a looming budget shortfall.

The state Public Education Department had recommended the extra money for the district, which has increased costs because of rising enrollment for several years. The district serves nearly 16,000 students.

Board of Finance member John Loehr said Tuesday the district's financial situation did not appear to be an emergency.

Rio Rancho Superintendent Sue Cleveland said the state's school funding formula doesn't adequately finance high-growth districts.

The board approved emergency state aid for seven school districts, with each getting $500,000.