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Wednesday, March 04, 2009

Radio Iowa: What reserves?

Excerpted from this post at Radio Iowa

Last Friday, House Majority Leader Kevin McCarthy (D-Des Moines)
suggested the Board of Regents (the board that governs Iowa, Iowa
State and UNI) dip into reserves rather than raise tuition to deal
with the latest round of state budget cuts. At this hour, the
presidents of the University of Iowa, Iowa State University and the
University of Northern Iowa are supposed to be appearing before a
budget subcommittee at the statehouse to talk about their budgets. ...
As the entourage began its move upstairs to the committee room, I
asked Miles a question: "What reserves do (the Regents institutions)
have?" "I've been visiting with the institution heads about it this
morning," Miles said. "We're going to get a report back from all of
them tomorrow so that we have everything in terms of a line item, but
the high level answer is what reserves we have are not freely
available."

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Mike Schramm
Andy Szal

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