KCCI obtained the minutes of a recent faculty senate meeting, which show faculty positions and academic programs will have to be cut. According to Drake University, the institution is working with a $128 million operating budget. The Board of Trustees recently approved a deficit of $4.3 million for the current fiscal year. According to meeting minutes, the university has reached an "understanding" with the board to have a plan in place by fiscal year 2025 to balance the operating budget by fiscal year 2026.
