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U of I Researchers Eye Looming Federal Budget Cuts
IOWA CITY, Iowa (CBS2/Fox28) -- University of Iowa officials say looming federal budgets cuts are starting to affect the work environment for researchers on campus. “We haven't really seen the financial impacts on campus yet,” said Jennifer Lassner, U of I Executive Director for Sponsored Programs.
Lassner says they're anticipating a 5% cut in federal research funding, but at this point, they can't predict which research programs are at risk. “That's just impossible to predict right now, so it's hard for faculty to plan for the future,” said Lassner.
In 2012, federal agencies shelled out roughly $250 million for research at the University of Iowa. A 5% decrease would amount to a lose of $12.5 million.
“We'll have to manage our resources wisely, but it's also going to be important that we continue the conduct the high quality research and scholarship that the University of Iowa is know for,” said Lassner.