UNM Athletics Dept. expects budget shortfall in 2020 fiscal year

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With beach volleyball and three more sports off the roster, Lobo sports may not be performing at their financial peak next year. 

According to the Albuquerque Journal, the University of New Mexico Board of Regents will vote Thursday to approve budgets for all of the university’s campuses and documents show the athletic department is expecting a nearly $1 million shortfall for the 2020 fiscal year. 

Now, the department is hoping for either a break on a years-old basketball renovation payment or to postpone its first payment toward a 10-year deficit reduction plan. UNM’s Athletics Department has failed to meet the budget eight times over a 10-year period according to the Journal and it must also pay back the $4.7 million in debt to the university the department has accumulated.

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