Iowa Capital Dispatch — The Iowa Board of Regents approved state universities’ fiscal year 2025 budgets at its Wednesday meeting and heard from university presidents about how they are spending state and private dollars.
After receiving flat funding from the state in fiscal year 2024, the University of Iowa, University of Northern Iowa and Iowa State University received a 2.5% increase in state appropriations for fiscal year 2025. The combined general education operating budget across the state universities totals $1.72 billion, according to the fiscal year 2025 budget document , compared to the $1.66 billion reported in fiscal year 2024.
The total regent enterprise budget comes out to $7.8 billion, of which $3.24 billion is restricted funds. It also includes University of Iowa Health Care’s budget, which totals $2.77 billion, and special purpose funds.
University of Iowa
The UI’s $823 million fiscal year 2025 budget is an almost $21 million increase from last year. The university received a $5.5 million increase in state allocations and a budgeted increase of $16.8 million in tuition revenue from approved increases as well as “indirect cost recoveries and interest income,” according to the budget document. Just over 63% of the budget comes from tuition revenues, with state appropriations making up 27% of the budget.