By KRWG News
Albuquerque – Regents at the University of New Mexico want tuition increases for the coming year kept to 5 percent.
UNM President David Schmidly had proposed an increase of 8.6 percent for undergraduate students.
But regents suggested that's too much for next year. Tuition and fees have increased 34 percent over the past five years.
The recommendations came after an eight-hour budget summit Monday that heard spending proposals from UNM administrators, staff and faculty.
Officials say limiting the tuition hike to 5 percent would require about $3.4 million in additional cuts.
University officials already have recommended about $8.3 million in cuts.
Those range from eliminating $1.2 million in UNM Foundation expenses to cutting $870,000 across the university's academic colleges.
UNM regents are to hear an update on the budget April 11.
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Information from: Albuquerque Journal, http://www.abqjournal.com
Copyright 2011 The Associated Press.