Iowa State University



7-23-97

Contact:
John McCarroll, University Relations, (515) 294-6136

REGENTS APPROVE NEW BUDGET FOR ISU

AMES, Iowa -- Iowa State University's fiscal year 1998 final operating budget will be $664.8 million, which is a $12 million, or 1.8 percent increase over fiscal year 1997.

The new operating budget was approved Wednesday (July 23) by the Iowa State Board of Regents. Overall, state lawmakers have invested $42 million in new funds for Iowa State, including more than $30 million for capital projects.

"The outstanding support we've received from the Iowa legislature and the regents is strong vote of confidence for the kind of work we are doing, for the special mission of Iowa State and for the importance of higher education to our state," said ISU President Martin Jischke.

Following are selected highlights of Iowa State's FY98 budget.

In addition, a new one-time appropriation of $200,000 will fund ISU research on sites with earthen waste storage structures.

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Revised 7/23/97