UNM legislature requests face challenges
Staff Report | January 22UNM is requesting about $28 million from the 2015 New Mexico Legislative Session, but the low prices for oil and gas may turn the request in to a battle. At the January Board of Regents meeting, UNM President Bob Frank noted that the dropping oil prices could mean an almost 50 percent decrease for the University’s state funding. But as the legislative session begins, the near $7.5 million loss in revenue for the state could impact a number of other projects for which UNM had hoped to receive funding. Above the normal 14 percent of the state budget that goes to high education each year, UNM announced that it needs $27,859,516 for infrastructure projects on multiple campuses. This money would could mostly from future General Obligation and Severance Tax Bonds.






