Northern Drains Reserves To Balance Budget

EducationNews

Northern New Mexico College Senior Budget Analyst Alexandra Williams (forefront) takes notes during a recent Board meeting, as the regents discussed the institution’s finances. Williams told the Board it needed to come up with a solution to increase revenue because using cash reserves to meet expenses in unsustainable.

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    After months of uncertainty concerning further revenue reductions from the state, Northern New Mexico College finance officials were able to balance the budget — the only problem is they had to deplete the school reserves to do it.   …

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Barron Jones

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