Indiana Higher Education Taking Another Fiscal Hit
August 15, 2014 — Indiana’s public colleges and universities are facing a two percent budget cut for the second consecutive year. As Indiana Public Broadcasting’s Brandon Smith reports, the state says it’s part of continuing cost savings measures.
The Associated Press — Indiana public universities could see their budgets cut another 2 percent if state tax collections continue lagging behind expectations.
Governor Mike Pence’s budget director told members of the State Budget Committee Thursday that tax collections actually fell between 2013 and 2014. He says that unless they meet expectations for 2015, universities will have to cut roughly $27.5 million.
Budget Director Brian Bailey says the state’s universities will still see a net increase in funding because of spending approved in the state’s 2014 to 2015 budget.
Cuts to the state budget made by the governor have continued as the state’s economy slowly improves.
Bailey noted that other agencies have faced those cuts as the state’s K through 12 education system was spared.