State cuts about $59 million from budget for IU - Nick Cusack, Indiana Daily Student

The state will most likely cut about $59 million from Indiana University’s share of the higher education budget over the next 18 months. It’s part of $150 million in cuts through Indiana’s seven publicly funded colleges and universities after tax revenues for the state were below projections for 14 months in a row. The cut is 6 percent of the higher education budget and about 10 percent of the money that hasn't already been given out to universities during the past six months.