Albuquerque, NM (KKOB) –A record $1.5 billion higher education budget for fiscal year 2027 was signed by Governor Michelle Lujan Grisham today. The budget is 15.4% higher than last years and the largest higher education budget in state history. The budget expands the state’s tuition free college programs, accelerates workforce development and training initiatives, supports basic student needs and makes major investments in campus infrastructure. UNM’s School of Medicine is set to receive $546 million for a new facility and campus infrastructure statewide will benefit from $185 million with $20 million to building renewal and replacement. The new budget also includes $5 million to sustain the Teacher Loan Repayment Program and just under $8 million for NM’s Adult Education Programs.
