Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndiana 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.