New Mexico Highlands University regents received a grim briefing last Friday on the financial challenges the school will be facing as it wraps up this fiscal year and prepares a budget for the coming fiscal year that begins July 1.
Max Baca, the university’s interim vice president for finance and administration, told regents that the university would need to trim spending during the current fiscal year by more than $100,000. For the fiscal year that begins on July 1, he said, the university will need to decrease current year spending by $1.2 million.
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