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New Mexico State University

New Mexico State University

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NMSU Board of Regents approves operating budget

The Board of Regents Friday approved a $549 million budget for New Mexico State University's 2006-07 fiscal year. That covers all campuses, according to a presentation by Senior Vice President Jim McDonough, with $508 million dedicated to operating funds and $41 million to capital outlay.

down by campus, the funding will provide $468 million to the main campus, $14 million to Alamogordo, $12 million to Carlsbad, $47 million to Dona Ana and $7 million to Grants.

On the main campus, 39 percent of the budget, or $168,326,225, goes to instruction and support for academic programs; about 35 percent, or $155,589,100, goes to research and public service. About 10 percent or $41,948,417 funds auxiliary services and athletics. About 36 percent of the funding for NMSU comes from state appropriations; another 35 percent comes from grants and contracts; one percent comes from federal appropriations.

The regents also approved the capital outlay plan for 2007 and the capital outlay requests for fiscal year 2007-08. The future requests total just over $191 million for all campuses. Included is what university architect Michael Rickenbaker termed the major request: a $78 million arts complex for the study and delivery of fine and performing arts adjacent to the Music Center Recital Hall.

Out-of-state tuition waivers meant to increase enrollment at NMSU were approved for a number of target populations including international students. An effort to encourage undergraduates to obtain their degrees in four years and go on to graduate school was also approved. Called the Early Aggie Fellowship, the plan asks undergraduates beginning in fall 2006 to sign a contract to finish their degrees in four years and go on to NMSU graduate school. Those who fulfill the contract would get one semester of graduate school paid.

Mary A. Benanti
May 12, 2006