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Drake University major budget cuts to be announced Friday

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February 29th, 2024 by Ric Hanson

Drake University is set to announce its initial recommendations for major budget cuts on Friday. In November the college projected it would need to make more than $10 million in cuts to balance its budget. Drake says that figure is now about $6 million after the college generated some savings ahead of the coming fiscal year. The school cites a decline in student enrollment as the primary factor driving the cuts.

Now, months later, the college will be sending emails to faculty, staff and students announcing where it will be looking to make the cuts. Faculty who could be let go will find out Friday morning. The rest of the students and faculty will learn what programs the college is recommending to be cut or changed on Friday afternoon.

There will be several months of meetings about the recommendations before final cuts are made in May.