THE UNIVERSITY OF NEW MEXICO’S BOARD OF REGENTS VOTE “YES” FOR A ONE-TIME 350-THOUSAND DOLLAR ALLOCATION FOR UNM PRESS. THE ALBUQUERQUE JOURNAL REPORTS BOTH UNM PRESS AND THE SCHOOL’S ATHLETICS DEPARTMENT HAVE AMASSED A NEARLY 12-MILLION DOLLAR DEBT THAT HAS UNM TAPPING ITS RESERVES TIME AND AGAIN TO COVER THE SHORTFALLS AT THE END OF THE YEAR.
UNM PRESIDENT CHAOKI ABDALLAH TOLD THE REGENTS THAT UNM PRESS HAS BEEN MORE THAN 600-THOUSAND DOLLARS IN THE RED. THE 350-THOUSAND DOLLARS FOR UNM PRESS IS IN ADDITION TO 350-GRAND IN FUNDS ALREADY GOING TO THEM FROM DISCRETIONARY PRESIDENTIAL FUNDS.
