UNM administration discusses budget situation in town hall - Nikole Mckibben, Daily Lobo

In a town hall session on Thursday, UNM President Bob Frank said the budget cuts and the recent decision to implement a hiring freeze will help cover the University’s shortages in the next fiscal year. Main Campus will remain on a hiring freeze for six months and closely evaluate the need for all vacant noncritical positions within the University, Frank said in a recent University-wide e-mail. Reserves are used when departments do not have enough revenue to cover their expenses and not all departments have reserves on hand, so it will not fix long-term budget issues, he said. “Financial reserves only solve one-time problems, and this looks like a three-year problem,” Frank said. http://www.dailylobo.com/article/2016/09/23-unm-town-hall