NEW MEXICO STATE UNIVERSITY

August 18th, 2019 | by CollegeAD
NEW MEXICO STATE UNIVERSITY
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New Mexico State athletics balanced its Fiscal Year 2019 budget, but it didn’t come without dipping into hard earned reserves and taxing the individual programs. Director of Athletics Mario Moccia believes that the addition of three football guarantee games this year will provide some breathing room in FY20. It was the ninth time in the past 10 years NM State’s athletics budget has balanced, but it shrinks an already thin margin for error. In order to balance the FY19 budget, Moccia’s department needed to dip into individual program fundraising accounts and department reserves to the tune of $1.8 million, of which $500,000 came out of department savings, nearly depleting the three-year old rainy day fund. -Jason Groves, Las Cruces Sun-News. Read More.

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