UNM Board of Regents approves proposed budget - University of New Mexico

The University of New Mexico Board of Regents has approved a budget that includes cost cutting measures, a continued hiring freeze, consolidation efforts and no tuition increase for students taking lower level classes. Students taking upper division classes will see a $18 per hour increase on those credit hours, and all students will be paying an additional $100 a semester in fees, as previously approved by students to pay for construction projects on campus. The extra tuition money is expected to cover about half of the $8.9 million funding gap projected for the next fiscal year, starting July 1. A one-time use of reserves will add another $1 million, but the University must still make up another $3.7 million through cost reductions, workforce attrition and other measures to balance the budget. http://news.unm.edu/news/unm-board-of-regents-approves-proposed-budget