| May 5
The novel coronavirus hit the University of New Mexico’s budget hard.
Teresa Costantinidis, UNM vice president for finance and administration, told a Board of Regents Committee that COVID-19 has cost UNM $49.8 million in lost revenue.
Administrators didn’t say what actions they might take to stem off repercussions of the revenue lost beyond lobbying the federal government for more relief. However, Provost James Holloway told the Daily Lobo that UNM is under a hiring freeze with an undetermined end date.
“We do expect (for fiscal year 2020) additional allocations of approximately $10 million in total,” Costantinidis said.