UNM regents approve nearly $3B budget for fiscal year 2019

University of New Mexico regents have approved a budget for fiscal year 2019 that climbs to $2.96 billion when including the main campus, Health Sciences Center and UNM’s four branch campuses.

Spending on bond-funded construction projects and Legislature-approved pay raises pushed up UNM’s total budget by 1.7 percent.

Health Sciences represents the bulk of the budget at $2.04 billion. The majority is the UNM Health System, including the $1.1 billion per year UNM Hospitals enterprise.

The main campus accounts for $866 million.

The Albuquerque Journal reports that UNM’s budget reflects a tuition increase already approved by the regents in March.

Students in 2018-19 will pay 2.5 percent more across the board, plus an extra $7 per credit hour on some upper-division courses.

The budget was approved Friday by the regents.