New proposed UM budget model has some students concerned UM is working on its budget for the next school year and beyond but not all students are happy with what they're hearing. and last updated 2021-04-05 18:54:16-04 MISSOULA â It's that time of year when the University of Montana is working on its budget for the next school year and beyond but not all students are happy with what they're hearing. UM administrators are proposing a new budget model that will be up for approval in September with some students in the College of Humanities and Sciences saying the model would adversely impact a college that has already seen $10.4 million in cuts since 2015.