NMSU Board of Regents approves operating budget for the 2015-2016 fiscal year

May 8, 2015 by Justin Bannister, NMSU News Center

At a regular meeting May 8, the New Mexico State University Board of Regents approved the university system’s operating budget for the 2015-2016 fiscal year. The total budget for all campuses is $652 million, a decrease of about $40 million from the current year’s budget.

In April, Regents approved funding for priority investments, including the final phase of a three-year faculty salary market equity plan for tenure/tenure-track faculty as well as a program for first-year student success navigators and additional funding for student scholarships.

Regents also approved the university’s five-year capital outlay plan. The plan is updated each year and submitted to the state Higher Education Department. It includes capital outlay requests for NMSU’s Las Cruces campus, including $25 million to renovate Williams Hall. The plan also outlines capital outlay requests for Dona Ana Community College and the university’s other community colleges in Alamogordo, Carlsbad and Grants.

During the meeting, NMSU President Garrey Carruthers informed Regents that the university had extended the probationary period for all recently hired probationary employees until June 30, 2016. The extended period will allow the university time to complete a staffing study later this year and evaluate whether it can achieve reduced payroll expenses through attrition and reassignment.

During the meeting, the Board of Regents recognized outgoing ASNMSU President Wes Jackson and outgoing ASNMSU Vice President Jeremy Witte for their service to the university during their time on campus. The Regents also recognized the NMSU Coaches of the Year as well as the university’s various WAC Championship teams, including the women’s golf team, the men’s golf team, the women’s tennis team, the men’s tennis team and the women’s softball team.

The Regents’ Above and Beyond Award was presented to Yvonne Pena Flores, of the university’s Honors College. According to her nomination form, she has given “warm and helpful support” to the thousands of students she has worked with on campus while coordinating the NMSU Crimson Scholar Program. She will retire later this year.

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