IU treasurer: School could operate at net loss by 2020
BLOOMINGTON, Ind. — Indiana University is on a trajectory to be operating at a net loss of about $70 million by 2021, the school’s treasurer told the board of trustees.
Treasurer Don Lukes told the board last week that the financial issues weren’t unexpected, the (Bloomington) Herald-Times reported (http://bit.ly/2gOq80S ).
“Last year, the numbers were rather similar,” Lukes said.
Trustees asked if celebrating the school’s bicentennial in 2020 was still feasible and if construction projects should be postponed.