Money could shift from U. of Iowa to UNI and ISU - KWWL - Eastern Iowa Breaking News, Weather, Closings

Money could shift from U. of Iowa to UNI and ISU

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Lawmakers now seem to agree with the idea of shifting money from the University of Iowa and giving it to the other two state universities.

The Iowa House Appropriations Committee has voted to include "Performance Based Funding" for the Board of Regents in the state education budget. This will move $12.9 million from the University of Iowa to the other two universities. $6.6 million will go to the University of Northern Iowa and $6.3 million to Iowa State.

The Board of Regents sent out the following statement:

"The Board wishes to express its thanks and appreciation to the Iowa House of Representatives Appropriations Committee for implementing the Performance Based Funding model,” said Board of Regents President Bruce Rastetter. “PBF will provide more transparency and equity across the three institutions while also being more accountable to the taxpayers of Iowa.”

"We look forward to continuing to work with the General Assembly and the Governor to additionally ensure a modest 1.75% inflationary increase along with dollars to backfill the University of Iowa as a result of redistribution of PBF,” added President Rastetter.

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