Monday, August 18, 2014

Indiana Higher Ed Takes Another Cut Despite $2 Billion in Reserve

Governor Mike Pence is requiring Indiana's public colleges and universities, as well as other state agencies, to put two percent of their state funds into reserve despite the state's current $2 billion in the reserve fund. State Budget Director Brian Bailey said public universities could eventually receive all the money allocated by lawmakers if tax revenue meets projections for most of the year. This comes as lawmakers have been discussing increasing higher education funding to avoid possible tuition increases. And how about a little love for the state's "good" university, Purdue, that is going into its third year of a tuition freeze? Read more from Indiana Public Media here.