The UNM Board of Regents will hold a Budget Summit on Friday, March 23, beginning at 9 a.m. in Ballroom C of the Student Union Building on campus. The purpose of the summit is to discuss how to construct the university's budget for FY 13, the fiscal year that begins on July 1, 2012.
A major component of the budget discussion will be deliberation about whether to approve a tuition increase and to set the amount of student fees. An overview of the current UNM budget is available at Budget Overview. One scenario for the FY 2013 budget was presented to the Regents Finance & Facilities Committee on March 12 and is available at Budget Scenario.
UNM President David Schmidly urged the regents at a meeting of the Finance & Facilities Budget Committee to consider more money for UNM Libraries. He argued that the Libraries have been underfunded and need a larger appropriation from Student Fees. Background information on the needs of UNM libraries is available Budget Summit information.
Schmidly also urged the regents to set aside more money for athletics. He said the Olympic sports programs are in danger and need better funding. You can find more information about how UNM compares with other universities here.
As part of their deliberations, the regents will consider whether to raise student fees much higher than the recommendations of the Student Fee Review Board. Those recommendations are available here.
The Advisory Boards for the UNM Branch Campuses are also in the process of reviewing and considering budgets for FY13. Budget proposals for the branches are available here.
The regents are expected to vote on a final version of by the budget at their regular meeting in April. The UNM budget must be submitted to the New Mexico Higher Education Department by May 1.
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