No easy fix to budget shortfall - University of New Mexico

Facing a shortfall of more than $7.5 million, The University of New Mexico Board of Regents passed a budget that includes a modest tuition increase and significant cuts across all areas of campus. With state budget cuts of $4.5 million and a projected enrollment-driven tuition decline of $1.1 million, university leaders grappled with building a balanced budget for the coming fiscal year. “We are out of easy solutions,” President Robert Frank told the board. “No single approach will work by itself, so what we are bringing to you today is a blended solution.” http://news.unm.edu/news/no-easy-fix-to-budget-shortfall