UNM revising budget after cuts - Albuquerque Journal

UNM revising budget after cuts

Copyright © 2020 Albuquerque Journal

Let the trimming begin.

The budget solvency bill signed by the governor after the recent special session cuts millions from the University of New Mexico and other higher education institutions throughout the state, said Barbara Damron, the chief government relations officer at UNM.

So UNM regents will have to approve a revised budget for the 2020-2021 fiscal year that accounts for those cuts, which were made in response to the coronavirus pandemic and the financial impact that it has had on the state.

It will be a tough hit to absorb.

Damron said the state appropriation for UNM’s main campus will drop from $199 million to $186 million, or 6.5%.

State appropriations accounted for about 25% of the main campus’ previously approved operating budget. Student tuition and fees, by comparison, were about 19%.

Regents are scheduled to meet in committee meetings Tuesday to discuss the cuts in advance of a special meeting July 14 to approve a revised budget.

“We’re going to take the numbers (in the budget adjustment bill) and build it into a high-level budget,” said Teresa Costantinidis, UNM’s senior vice president for Finance and Administration. “Then, over the next weeks and months, we’ll be working in a collaborative function to decide how to implement the reductions. They are significant enough that it’s not something we can just decide in a couple weeks.”

Concerns raised throughout the special session about how the state was cutting money from colleges, Damron said.

For example, the budget solvency bill says that the state appropriation to higher education institutions for instruction and general operations will be reduced by about a third of what the institutions received from the Coronavirus Aid, Relief, and Economic Security Act.

“Our concern was that when we are replacing state appropriation money … with federal money to prevent and prepare for the coronavirus,” Damron said, “that takes away from our regular operational money.”

Such cuts, Damron said, don’t take into account that universities had planned to use the relief for pandemic-specific expenses, such as extra cleaning services or expanding remote instruction capabilities.

While signing the budget solvency bill, Gov. Michelle Lujan Grisham left $10 million for the Opportunity Scholarship program for college students in two-year programs. The Legislature had proposed cutting it to $5 million.

“Given the crisis that has enveloped us and the hard decisions that have had to be made, I’m proud that we have prudently, wisely used all our resources to maintain our forward trajectory, especially for education, while also keeping a clear eye on the future,” she said.

Home » ABQnews Seeker » UNM revising budget after cuts

Insert Question Legislature form in Legis only stories

Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email yourstory@abqjournal.com

taboola desktop

ABQjournal can get you answers in all pages


Questions about the Legislature?
Albuquerque Journal can get you answers
Email addresses are used solely for verification and to speed the verification process for repeat questioners.
8 bikers shot, 3 dead during motorcycle rally in ...
ABQnews Seeker
Multiple people were shot Saturday afternoon ... Multiple people were shot Saturday afternoon at a bar in Red River as the town geared up for an annual motorcycle rally.
'Truth or Consequences' ranks as one of the best ...
ABQnews Seeker
It's the summer of 1970 and ... It's the summer of 1970 and Daniel Asa Rose and Tony Wilson, both 20 years old and best friends since sixth grade, are about ...
Wine and secrets get spilled in the comedy 'Drinking ...
ABQnews Seeker
"Drinking Habits" opens at Adobe Theater ... "Drinking Habits" opens at Adobe Theater on June 2, running on weekends through June 25.
Photographer, author Chris Rainier to bring 'Cultures on the ...
ABQnews Seeker
Photographer and author Chris Rainier presents ... Photographer and author Chris Rainier presents "Cultures on the Edge: A Journey into Indigenous Ways of Being" at the Lensic Performing Arts Center.
National Theatre Live production 'Best of Enemies' to be ...
ABQnews Seeker
"Best of Enemies" was the winner ... "Best of Enemies" was the winner of the 2022 Critics' Circle Award for Best New Play and nominated for the 2022 Olivier Award for ...
Mysterious garden holes are the traps of antlions
ABQnews Seeker
At this stage of life they ... At this stage of life they create those perfect round holes which are actually traps for unsuspecting ground crawling insects.
The Met Live comes to the Lensic with 'The ...
ABQnews Seeker
Opera fans can head to the ... Opera fans can head to the Lensic Performing Arts Center for "The Met Live in HD: Die Zauberflöte (The Magic Flute)" at 11 a.m. ...
Bond House Museum to showcase Santa Fe Opera props, ...
ABQnews Seeker
The exhibition represents a collaboration between ... The exhibition represents a collaboration between the opera and the San Gabriel Historical Society and the Española Valley Opera Guild.
'The Nature of Glass' explores the medium through a ...
ABQnews Seeker
"The Nature of Glass" focuses on ... "The Nature of Glass" focuses on 28 contemporary works by such household names as Judy Chicago, Georgia O'Keeffe and Preston Singletary.