News

Last week, when deflated revenue projections were announced, the prevailing opinion was that leaving Santa Fe with the same amount of money you came in with would be considered a victory. For higher education, 2016 will not be a winning season. House...

On a 42–25 vote, the New Mexico House of Representatives approved the state budget bill that contains $6.2 billion to fund state government and public education for 2015-16. Higher education’s share of that budget pie is $846 million, with $810 million allocated to the institutions, including a $2.1 million increase in operating funds for UNM.

They keep calling it is a messy process that leaves no one totally happy. That is how the state budget is built.  This afternoon, House Appropriations approved what will go into the final crafting of the general appropriations act as will be found in HB2.

House Appropriations and Finance is making progress on House Bill 2, the General Appropriations Act. At its hearing this afternoon, HAFC approved a number of budget recommendations for state agencies and higher education...

Higher education came before the House Appropriations and Finance Committee this afternoon, in what can best be described as the "Tale of Two Formulas" or the "Battle of the Funding Formula."