Work begins on second round of IU budget cuts - Indiana University

Last month, Indiana Gov. Mitch Daniels ordered another $58.9 million cut in state funding for IU as part of a $150 million reduction shared by all of the state's public colleges and universities. In response to the latest reduction, each IU campus is being asked to put together a plan detailing what steps it will take to absorb its share over the next 18 months. "The campuses have been told they may not spend down operating reserves in their current budgets," Theobald said. "Instead, they must reduce planned spending over the next 18 months by the full amount allocated to their campus."