Brought to you by WBIW News and Network Indiana
Last updated on Thursday, December 17, 2009
(UNDATED) - Indiana’s seven public universities are looking at ways to trim $150 million dollars from their budgets before the end of the year.
Governor Mitch Daniels asked the state-supported colleges to make the reductions after another round of dismal state revenue forecasts.
Commissioner for Higher Education Teresa Lubbers has been meeting with university leaders to help find ways to trim budgets.
Indiana University Bloomington says it has implemented a series of operating expense reductions that total $177 million.
The university also says it will realize nearly $1 billion in cost savings from the effort over the next decade.
The steps IU has taken include freezing salaries for the first time in at least 50 years, cutting travel budgets and reducing retirement benefits.
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