Each year the New Mexico State Department of Education and the state's 88 school districts publish report cards that provide information on the operation and performance of the schools and characteristics of its students. This report is the state-level report card, providing narrative and statistical information on an array of educational indicators. Student enrollment has increased to 315,278 students in 1992-93, an increase of 4.3% over that of 1990-91. Percentages of Hispanic American and Native American students have increased, as the Anglo American population has declined. While many school districts scored well above national averages on standardized tests, in most areas statewide performance was slightly below national averages. Student indicators reported include enrollment trends, ethnicity, graduates, and dropouts. Student achievement indicators include results of the New Mexico Portfolio Writing Assessment, the New Mexico Achievement Assessment, the ACT Assessment, the New Mexico High School Competency Examination, and the Reading Assessment (grades 1 and 2). Financial indicators define revenue and expenditures. Eighteen tables and 11 figures present data on the schools and students. (Contains 14 references.) (SLD)