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Your faculty and staff news since 1965
April 18, 2005
Volume 40, Number 9

Compensation set for 2005-06
Regents riase tuition and fees 9.9 percent

By Karen Wentworth

The UNM Board of Regents has voted to give faculty and staff a 3.25 percent salary increase. The increase will be given to departments, which may choose to allocate some of the funds for merit, market competitive salary levels and correction of inequities for individual employees.

Additionally, the university will pay a .75 percent increase in the educational retirement contribution for each employee. The increase in retirement fund contributions is required by law to strengthen the long-term viability of the fund.

Regents also voted to raise tuition and fees for undergraduate students on the main campus by 9.9 percent next fall.The decision by the board came at the end of two days of discussion about budget options.

Student representatives to the board agreed to the increases on the condition the board adequately fund academic expansions such as hiring new faculty, improving student advisement and increasing funding for the freshman learning experiences. The board asked university administrators to find ways to fund those items and present a formal budget plan at their June meeting.

The tuition resolution also included major increases for graduate students enrolled at the Anderson Schools of Management and the School of Law.

Those increases of $770.20 per year are in addition to the 9.9 percent tuition hike. Deans of both schools said they had discussed the possibility and need for those fee increases with students. The money will be used to fund operations.

The university administration now has the difficult job of identifying money to hire enough new faculty to teach a projected increase of 500 students in the fall freshman class, along with other funding priorities. Debate on that part of the budget was lively, and included everything from suggestions for using money from the Sandia Foundation to searching for programs in the university that could be cut or eliminated. Board Chair Jamie Koch summed it up this way, “It is painful to go through this stuff, and people get unhappy, but that’s the process.”