News Sections
Audio
IU Prepared To Use Cash Reserves If State Shutsdown Wednesday
Updated May 5, 2013 12:07 AM | Filed under: Network Indiana
 Print    Archive    RSS

(BLOOMINGTON) - If there's a state government shutdown on Wednesday, Indiana University is prepared to spend its cash reserves to stay open for business.

At a brief meeting on Friday, the IU trustees heard plans to use up to $300 million in cash reserves for necessary payments in July and possibly August.

The monthly payroll for the school's 17-thousand employees is around $100 million.



« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to comments@wbiw.com

Advertise with 1340 AM WBIW
Find more about Weather in Bedford, IN
Advertise with 1340 AM WBIW


1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2017 Ad-Venture Media, Inc. All Rights Reserved.   WBIW.com and Listen Live Powered by HPC

Advertise  |  Careers  |  Contests  |  About  |  Feedback