Trustees at Indiana University have allowed school leaders to borrow up to $1 billion to counter a potential budget shortfall due to the coronavirus pandemic. The trustees approved the request Friday. University Spokesman Chuck Carney said that the university is in good fiscal shape, but the request offers peace of mind for the university to continue operations during difficult times.
http://www.wbiw.com/2020/04/13/iu-borrows-1-billion-to-counter-potential-budget-shortfall-due-to-covid-19/
