IU receives 2.8 percent increase in operating funds from state for fiscal year 2016
FOR IMMEDIATE RELEASE
BLOOMINGTON, Ind. -- Indiana University's seven campuses received a combined increase of 2.8 percent -- or $13.4 million -- in state operating appropriations for fiscal year 2016 in the two-year budget approved by the Indiana General Assembly last week and signed into law by Gov. Mike Pence today.
IU's total state operating appropriation for the fiscal year that begins July 1 is $485.7 million. The university was appropriated $497.7 million in operating funds for fiscal 2017, a 2.5 percent increase over the 2016 funding level.
For fiscal year 2016, IU Bloomington received the largest appropriation among the university’s seven campuses: $190.8 million, a 3.2 percent increase from the current fiscal year. The IU School of Medicine and School of Dentistry received a combined $114.3 million (a 1.7 percent increase) and the Indiana University-Purdue University Indianapolis campus received $99.5 million, or 3.7 percent more than the current year.
The budget increases for Indiana University reflect the university's work to meet performance metrics established by the state that are designed to help increase college attainment levels. All seven IU-administered campuses received funding increases from the state in fiscal year 2016, ranging from 0.7 percent at IU Southeast to 8.4 percent at IU East in Richmond.
"We are deeply appreciative of the support the General Assembly has given to higher education in general, and specifically to Indiana University," IU President Michael A. McRobbie said. "The university shares the state's vision of graduating more Hoosiers and doing so in a way that lessens the financial burden of attaining a college degree to the greatest extent possible."
In addition to the operating appropriations, IU received over $100 million in new capital and repair and renovation projects. IU was granted approval to issue $48.5 million in bonds to cover the second phase of renovation for the Old Crescent portion of the IU Bloomington campus. This phase of the project will allow for the renovation of three major facilities on campus: Swain, Kirkwood and Ernie Pyle halls. When complete, the project, which also includes the previously funded transformation of historic Franklin Hall into a state-of-the-art learning space for IU's new Media School, will return the Old Crescent to its original use as the academic center of campus.
Another $37.2 million was appropriated over the next two years to help the university pay for repair, renovation and deferred maintenance at facilities across all seven campuses. The university also received $19.2 million in cash funding from the state over the next two years as part of $25.2 million in total state appropriation to help fund the creation of a new academic health science complex in downtown Evansville.
State operating appropriations for Indiana University by campus for fiscal year 2016 and 2017:
- 2016: $190,750,186 (+3.2%)
- 2017: $195,914,559 (+2.7%)
- 2016: $99,529,723 (+3.7%)
- 2017: $102,523,274 (+3.0%)
- 2016: $22,613,874 (+1.6%)
- 2017: $23,001,758 (+1.7%)
- 2016: $19,229,696 (+0.7%)
- 2017: $19,450,392 (+1.1%)
- 2016: $17,134,141 (+2.5%)
- 2017: $17,519,911 (+2.3%)
- 2016: $12,370,314 (+2.5%)
- 2017: $12,652,971 (+2.3%)
- 2016: $9,740,728 (+8.4%)
- 2017: $10,294,119 (+5.7%)
Associate vice president, IU Communications
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