• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Tuesday, February 7, 2023
The Iowa Torch
  • Home
  • State Government
  • Federal Government
  • Local Government
  • Politics
  • Education
  • Opinion
No Result
View All Result
  • Home
  • State Government
  • Federal Government
  • Local Government
  • Politics
  • Education
  • Opinion
The Iowa Torch
The Iowa Torch
No Result
View All Result
Home State Government

Regent universities seek a $32 million budget increase

Iowa’s three public universities are asking the Iowa State Board of Regents to request $630.46 million from the Iowa Legislature for the 2024 fiscal year on their behalf.

Mary StrokabyMary Stroka
September 15, 2022
in Education, State Government
Reading Time: 3 mins read
Salmon: Free Speech on Iowa Regents Campuses Is At Risk

The Campanile at University of Northern Iowa in Cedar Falls, Iowa.
Photo by MadMaxMarchHare.

(The Center Square) – Iowa’s three public universities are asking the Iowa State Board of Regents to request $630.46 million from the Iowa Legislature for the 2024 fiscal year on their behalf, a total featuring a $32 million bump over last year’s budget despite some school’s reporting slightly lower enrollment year-over-year.

RELATED POSTS

Reynolds names Stephen Osborn Iowa’s new Adjutant General

State of Iowa invites feedback about where to spend broadband funding

Bird joins lawsuit against Biden Administration’s Parole Action

The requests are on the Iowa State Board of Regents’ Sept. 15 agenda.

The higher education general university appropriations request is $523.6 million, which includes $491.6 million for fiscal year 2023 recurring appropriations, and $32 million in incremental appropriations for Iowa State, the University of Iowa, and University of Northern Iowa.

Iowa State’s general university appropriation would increase to $186.1 million, the highest in more than a decade, according to an Iowa State University news release. ISU’s enrollment is down approximately 2.5% from last year, according to numbers reported by the Des Moines Register. 

Iowa State is asking for a $12 million (6.9%) increase for its general university appropriation and $376,519 more for biosciences innovation to fully fund the economic development platforms of bio-based chemicals, precision and digital agriculture, and vaccines and immunotherapies. Iowa State’s requests include $4 million for more degree and certificate programs for Iowa’s workforce and $3 million in research in rare-earth materials development and recycling. It’s also asking for $2 million in financial aid and support services for first-generation, resident undergraduates.

The University of Iowa is asking for $7 million in new support for increasing the nursing workforce in the state and $5 million for first-in-family college student outcomes.

University of Northern Iowa is asking for $8 million incremental funding for a $4 million-dollar plan to reduce tuition and $4 million to recruit more students into the teaching profession with a program modeled after the federal TEACH grant program, with annual grants to educator preparation students.

The Board of Regents is also considering $69.4 million for higher education legislative special purpose appropriations, $16.6 million for special school education operating appropriations, $13.5 million for economic development funding and $5.4 million for agricultural and natural resources appropriations.

Commonfund Institute’s Aug. 19 projection slated the Higher Education Price Index to increase 5.2%. It reported that the 2021 rate was 2.7% and the 2020 rate was 1.9%. The index involves higher education salaries, benefits, supplies and utilities.

“Similarly, the costs of nearly all services provided and goods purchased by the Regent Universities are rising. Examples include information technology hardware and software, food, utilities, fuel, collective bargained wages and personnel costs,” the requests agenda document said. “There is great concern about employee costs in a market heavily influenced by inflation, competition for quality talent, and labor shortages. Given the $594.9 million current appropriation amount to the Regents, a 5% inflation-based increase in state funding would equate to roughly $30 million in incremental funding.”

ADVERTISEMENT

Public portions of the meeting will be livestreamed on the board’s website. The full agenda is posted there also.

The Board of Regents must submit appropriations requests by Oct. 1.

Tags: Iowa Board of RegentsIowa State UniversityUniversity of IowaUniversity of Northern Iowa
ShareTweetShare
ADVERTISEMENT
Previous Post

In new ad, Bird says she’ll give President Biden what he deserves

Next Post

Reynolds announces $40 million for nonprofit projects helping Iowans in need

Mary Stroka

Mary Stroka

Mary Stoka is a freelance writer, editor, journalist, and public relations professional who lives in Chicago, Ill.

Related Posts

Iowa House Committee Passes Bill Eliminating Tenure at Regent Universities
Education

Iowa Board of Regents Approves Tuition Increase at State Universities

July 29, 2021
Regents Board President Lifts Pandemic Restrictions at Iowa Regents Institutions
Education

Regents Board President Lifts Pandemic Restrictions at Iowa Regents Institutions

May 21, 2021
Reynolds Extends Mask Mandate, Gathering Restrictions By One Week
State Government

Iowa Announces $11.5 Million in Education-Related Grants, $246.3 Million in Capital Investments

April 19, 2021
Ernst: Operation Warp Speed Demonstrates the Best of American Innovation
Opinion

Ernst: Operation Warp Speed Demonstrates the Best of American Innovation

December 4, 2020
Iowa Anticipates Receiving 172,000 Doses of COVID-19 Vaccine in December
State Government

Iowa Anticipates Receiving 172,000 Doses of COVID-19 Vaccine in December

December 3, 2020
Next Post
Hendrickson & Williams: Governor Reynolds’ Tax Reform Ideas are Pro-Growth

Reynolds announces $40 million for nonprofit projects helping Iowans in need

Retired Navy Admiral Mike Franken Announces U.S. Senate Campaign

Franken accused of assault by former campaign manager

Sign-Up For Our Daily Updates

Get The Iowa Torch right in your inbox!

Please wait...

Thank you for signing up!

Recommended Articles

Hinson, Miller-Meeks, Axne, and Feenstra Sworn Into 117th Congress

Axne Votes Yes, Hinson, Miller-Meeks, and Feenstra Vote No on Impeachment

January 13, 2021
Rowley Wins Republican Nomination for Iowa Senate District 1

Rowley Wins Republican Nomination for Iowa Senate District 1

November 12, 2021
Task Force Challenges Iowans to Keep Traffic Deaths Below 300

Task Force Challenges Iowans to Keep Traffic Deaths Below 300

June 9, 2021

Popular Stories

  • Hendrickson: Fiscal Conservatism Works

    Hendrickson: Placing Iowa’s income tax on the road to elimination

    0 shares
    Share 0 Tweet 0
  • Ingstad & Hendrickson: Iowa education reforms point to what’s next

    0 shares
    Share 0 Tweet 0
  • State of Iowa invites feedback about where to spend broadband funding

    0 shares
    Share 0 Tweet 0
  • Ernst: Investigation proves group that funneled tax dollars into Chinese labs can’t be trusted.

    0 shares
    Share 0 Tweet 0
  • Iowa Dept. of Revenue Releases 2022 Individual Tax Brackets, Interest Rates, and Deductions

    0 shares
    Share 0 Tweet 0

The Iowa Torch

The Iowa Torch​ is a for-profit, news organization that focuses on political news as it relates to Iowans

Categories

  • Education
  • Federal Government
  • Iowa History
  • Local Government
  • News
  • Opinion
  • Politics
  • State Government
  • Uncategorized
  • Uncategorized

Newsletter

Please wait...

Thank you for signing up!

© 2022 The Iowa Torch, a publication of 4:15 Communications, LLC.

No Result
View All Result
  • Home
  • About Us
  • Advertise
  • Contact Us
  • State Government
  • Federal Government
  • Local Government
  • Politics
  • Education
  • Opinion

© 2022 The Iowa Torch, a publication of 4:15 Communications, LLC.