Monday, September 19, 2016

UNM, NMSU regents take on state's budget shortfall - Las Cruces Sun-News

What is normally a ceremonial affair — the yearly joint meeting of the board of regents from New Mexico State University and the University of New Mexico — took on a more serious tone Saturday, in the face of New Mexico’s bleak budget outlook. Three of five NMSU regents attended the meeting Saturday afternoon, as did five of UNM’s six regents. The meeting began with a presentation from Jim Peach, a regents professor in NMSU’s department of economics and international business. Peach, who is widely regarded as an expert in New Mexico’s economy, gave an update and forecast on the state’s economic forecast ahead of the upcoming special legislative session. “The outlook for New Mexico’s economy might best be described as ‘challenged,’” Peach told regents. “In late 2017, we may have as many jobs (in New Mexico) as we did in late 2007.”

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