Tuesday, October 25, 2016

UNM athletics looks for financial solutions - Geoff Grammer, Albuquerque Journal

The University of New Mexico athletics department, fresh off reporting a $1.54 million deficit for fiscal year 2016 and with ominous early returns on the current fiscal year’s finances, could ask for an increase in student fees to maintain their current level of spending, according to a memo to a Board of Regents committee. The memo, outlining a discussion scheduled to take place at Tuesday’s Board of Regents’ finance and facilities committee meeting, opens “with the poor FY16 financial performance still fresh in everyone’s mind,” which was the seventh time in the past nine years athletics has finished in the red. It later states that if ticket sales don’t pick up, and “if in fact the elimination of sports programs is off the table,” then increasing revenue from student fees “will need to be thoroughly evaluated.” https://www.abqjournal.com/864523/unm-athletics-looks-for-financial-solutions.html

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