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UNM's regents approve $2.91B budget for the 2018 fiscal year

The Associated Press
June 13, 2017 10:19 PM

ALBUQUERQUE, N.M. (AP) - The University of New Mexico's board of regents has unanimously approved a $2.91 billion budget for the 2018 fiscal year that begins July 1.

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The budget approval comes a few weeks after the regents settled on a tuition model for 2017-18.

According to The Albuquerque Journal, UNM's Health Sciences Center accounts for more than $2 billion of the budget.

The center encompasses UNM Hospital, Sandoval Regional Medical Center, the medical group and academic wings like the medical school.

UNM's main campus in Albuquerque is getting nearly $834 million in the new budget.

The university continues to grapple with diminished state funding. Its appropriation will fall by another 1 percent in 2018.

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(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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The Associated Press

Copyright 2017 The Associated Press. All rights reserved.

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