The University of New Mexico community is stuck in a waiting game regarding the Department of Athletics’ accumulated deficit after the Finance and Facilities Committee met Tuesday afternoon.
The nearly three-hour-long meeting held few answers to the athletic department’s full budget, a surprise reduced deficit and an inconclusive end date to resolving the multi-year shortfall.
Pressure has been placed upon the University by the state’s Higher Education Department to present a solution by May 1. If the deadline is not met, HED threatened intervention by either withholding state funding or rejecting UNM’s budget, jeopardizing $181 million in appropriations.