NMSU prez to live in home paid for by secret donor
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New Mexico State University President Michael Martin and his wife will take advantage of a $6,000-per-month gift from a secret donor to move out of the university-owned president’s residence and into a private home. The home is being built near Mesilla on Union Avenue, according to the Las Cruces Bulletin. I’ve written a lot lately about the university stepping into controversy by using money from anonymous contributors to beef up the compensation of its president and (now former) basketball coach, so I’ll only rehash the issues here briefly: The Board of Regents raised Martin’s annual salary in May from $294,000 to $335,000. His deferred compensation – which he only receives if he stays through 2012 – was increased from $50,000 to $100,000, and 70 percent will be paid by secret contributors. In addition, the $6,000-per-month housing allowance is being contributed by the private sector and funneled through the NMSU Foundation. Continue Reading