IU receives funding from state

IU President Michael A. McRobbie issued an e-mail to IU affiliates on Friday May 10expressing his thanks to Indiana policy makers, who “demonstrated their strong support for higher education during the recent session of the Indiana Daily Assembly,” which occurred April 27. McRobbie made note of the areas where IU will receive increased funding. The state’s $30 billion budget included increased spending on higher education, the first time since the financial crisis and recession began in 2008.

Changes will take place across IU, including state appropriations for university operations, which will increase by 3.6 percent to $469.3 million for fiscal year 2014.

The new fiscal year begins on July 1, 2013.
IU Bloomington will receive $184.8 million in state funding in the coming year. This is a 2.5 percent increase from this year.
 
EDUCATION

IUPUI, not including the schools of medicine and dentistry, will receive $96 million. This is a 6.5 percent increase from this year.

The IU School of Medicine and the IU School of Dentistry will receive a combined $109.4 million in state funding next year, a 3.5 percent increase from current levels. Due to their specialized missions, they are exempt from the performance funding formula.

IU will receive $2.5 million from the Indiana Economic Development Corporation to support research activities specifically benefitting the state of Indiana.

IU received another $1.45 million from the state to fund dual credit courses offered by Indiana high schools.

FACILITY AND INFRASTRUCTURE 

The General Assembly decided to provide $23 million for repair and rehabilitation of the university’s buildings across the state.

In addition to providing the rehabilitation and renovation, or “R&R” funding, two major projects will also receive funding from the state. $21 million will go to the restoration and improvements at Franklin Hall and $45 million will go to replace Tamarack Hall on the IU Northwest campus with a new academic facility, in partnership with Ivy Tech Community College.

“We will use all of these new resources wisely for the benefit of our students and the citizens of Indiana,” McRobbie said in the e-mail. “As a public university, we recognize that we must play a leading role in improving the welfare of our state.”

-Makenzie Holland