IOWA CITY, Iowa (KWWL) — The University of Iowa is reporting more budget cuts due to a reduction in state support.
The University is stating the Iowa Legislature adjourned in June after approving state funding cuts for public universities by $8 million. The Board of Regents and the State of Iowa will resolve Iowa's share of the cut during its next virtual meeting (July 29th).
"Many of our faculty and staff have worked long hours to support the university mission during the current pandemic and we are grateful for their commitment to excellence and to providing a world-class experience for our students despite our current financial situation," says Harreld.
The measures the University of Iowa is announcing for fiscal year 2021 include:
- President Bruce Harreld has requested the Board of Regents approve a 50% reduction in his base salary for the rest of the year. The savings (depending on board approval) would be a one-time allocation of $270,416 sent to the Student Emergency Fund.
- For 2021 fiscal year, the University will reduce General Education (GEF) support for Hancher Auditorium. This is the start of a three-year process to transition Hancher to a self-sustained unit on campus (Ex. UI Health Care, Department of Intercollegiate Athletics, etc.).
- Freeze hiring for at least 32 positions in different parts across campus.
- Freeze salaries for about 4,200 employees
"I’m also confident Hancher Auditorium can maintain its standing as national leader among university performing arts centers while transitioning slowly to being self-sustaining," says Harreld. "Hancher leadership and the entire team is first-rate, and I look forward to their continued prominence within our community, the state, and region."
Many colleges and units across the Iowa campus have recently announced budget reductions due to COVID-19 or shifts in enrollment demographics. This includes UI Athletics and UI Hospitals & Clinics.
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