The UNM Board of Regents has approved a $1.572 billion budget for the fiscal year beginning July 1, 2005. The budget, which includes operating funds for the main campus, the Health Sciences Center and the University of New Mexico Hospital, is an $88 million or 5.9 percent increase from the current year.
Under the new budget, about 20 percent of UNM’s overall operating funds come from the New Mexico legislature. Other revenue comes from institutional bonds, student tuition and fees and money collected for such things as hospital services, and food services for students.
About 35.5 percent of the new budget will go to the main campus, 26.6 percent goes to Health Sciences, which includes the School of Medicine, Colleges of Nursing and Pharmacy and Cancer Treatment units, and 25.7 percent goes to operate UNMH.
Last month, regents voted to raise student tuition and fees by 9.9 percent, and a major part of the new funding will go to the Instruction and General budgets, the money used to provide core-teaching services to students.
Contact: Karen Wentworth, (505) 277-5627