IU faces budget cut, tuition hike
Facing budget cuts of $55.5 million from the state, the University will have to make cuts in information technology and campus maintenance and raise tuition again next year, IU President Myles Brand said Friday. The cuts will affect the budget period ending in 2003. The state is also withholding $37 million in IU operating funds for June 2002, a move that will force the University to dip into reserves to meet payroll expenses. "The reserves just about cover (the $37 million). There isn't much more there," Brand said.

