October 1, 2014
Iowa's three public universities could face layoffs as they deal with less money from the state.
The universities told the Board of Regents on Thursday they could lay off close to 250 people. The universities lost about $80 million in state funds in the current fiscal year that ends June 30. Money from the federal stimulus package helped the universities' budget, but that ends June 30, 2010.
University of Iowa President Sally Mason says the university could cut about 130 positions to save nearly $11 million in fiscal 2010. Iowa State President Gregory Geoffroy says the university is looking at 40 to 100 layoffs. University of Northern Iowa officials say they need to reduce payroll by 80 to 100 positions.
The regents will vote on the budgets in August.