LAS VEGAS, N.M. (AP) - Officials with New Mexico Highlands University are facing budget cuts totally $1.2 million.
The Las Vegas Optic reports (https://bit.ly/1UFaEZY ) that regents were told on Friday that the university needs to trim spending during the current fiscal year by more than $100,000 and decrease spending by $1.2 million for the fiscal year beginning July 1.
Interim Vice President for Finance and Administration Max Baca says the school will have to increase tuition and fees as well as save money for the future budget.
The $6.2 billion state budget that state lawmakers approved last month reduced funding for most state agencies. Funding for colleges and universities was cut by nearly $20 million. Baca says the budget bill cut Highlands’ state allocation by $830,000.
Information from: Las Vegas Optic, https://www.lasvegasoptic.com
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