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Regents Back $1M More For Study

AMES, IA (AP) -- The Iowa Board of Regents has voted to spend $1 million more on an outside consultant that is trying to identify ways to save money at the state's three public universities.

The regents voted Wednesday to approve the $1 million addition to its contract with Deloitte Consulting LLP, on top of the $2.5 million the company received for the initial phase of its review.

Regent Larry McKibben said the additional spending is necessary because the regents decided to slow down the timeline for approving cuts and changes to academic programs to gather more input from faculty. He said those would now be considered in December, instead of September as initially envisioned.

McKibben said the regents would release a list of potential cost-saving ideas later this month.

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