LCSN: NMSU Board of Regents to vote on budget today

May 7, 2010. Retrieved online: May 7, 2010, from Christine Rogel, Las Cruces Sun-News

LAS CRUCES – The Board of Regents of New Mexico State University is expected to approve the budget for the upcoming fiscal year when it meets at 10 a.m. today in the Regents Room of the Educational Services Center on the Las Cruces campus.

“I have had several briefings with Dr. (Barbara) Couture and Vice President (Jennifer) Taylor to go over the budget and understand the numbers, and I’m satisfied that they have met the intent of the Board of Regents expressed last month,” said Regents Chairman Isaac Pino, who said he plans to vote in favor of the budget as it stands now.

NMSU’s proposed budget for all campuses stands at $696,854,627. Of this, the Las Cruces campus has a proposed budget of $579,898,732.

For the upcoming fiscal year, nearly 40 percent of those funds are budgeted for research and public service, while 35 percent will fund instructional and general purposes.

A total of 40 percent of funding for NMSU’s Las Cruces campus comes from grants and contracts, another 30 percent comes from state appropriations and about 16 percent comes from tuition and fees.

This year NMSU saw an estimated $12 million reduction in state appropriations for instruction and general funds at the main campus. And the Board of Regents voted for an in-state tuition hike of 8 percent, approved in a 4-1 vote with student regent Chris Anaya casting the dissenting vote.

Read the Las Cruces Sun-News article.

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