Facing lower state funding, IU cuts spending by $177M

Indiana University says it has made $177 million in cuts as it adjusts to Gov. Mitch Daniels’ 6-percent reduction in state
aid to higher education.

The university said Wednesday it will see about $1 billion in savings over the next decade
as a result of the continuing university-wide cost-containment effort.

School President Michael McRobbie said the
cuts won’t harm the quality of academic and research programs on any of IU’s campuses.

The university said the
cuts include $98 million in recurring expenses and $79 million in one-time cuts.

The cuts include a salary freeze,
reduced retirement contributions, lowered information technology spending, prescription drug spending reductions and debt
refinancing.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets in {{ count_down }} days.