WBIW.com News - local

Brought to you by WBIW News and Network Indiana

Public Universities Cutting Budgets

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.

1340 AM WBIW welcomes comments and suggestions by calling 812.277.1340 during normal business hours or by email at comments@wbiw.com

© Ad-Venture Media, Inc. All Rights Reserved.

Click here to go back to previous page