Saturday, August 12, 2017

Northern Iowa President Nook presents five-year outlook for UNI budget - CHRISTINIA CRIPPES, WCF Courier

Nook presented three scenarios to the Iowa Board of Regents tuition task force, each looking at what would be needed for a tuition increase based on the state appropriation. Each assumed institutional expenses would be held to inflation-adjusted 2008 levels. The scenarios are: A state appropriation that increases with inflation, at 1.75 percent a year, would mean a tuition increase of 3.9 percent in fiscal year 2019 but then dropping within five years to 1.75 percent annually. A state appropriation that remains flat at current rates would mean a 6.7 percent tuition increase in fiscal year 2019 and then decreasing to 3.1 percent by 2022. A state appropriation where UNI saw a decrease of 3.2 percent -- the same decrease it saw between the original 2017 budget and the appropriated amount for 2018 -- next year and then remaining flat would mean a tuition increase of 11.7 percent in fiscal year 2019 and then dropping to 2.9 percent by 2022.

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