This post is part of an extended Open Letter to the Iowa State Auditor.
In the previous post it was noted that although the Iowa Board of Regents produces copious and detailed reports on all manner of operations and performance, it also goes out of its way to obscure and omit the amount of revenue generated from tuition and fees. While routinely positioning itself as a victim of ‘state’ funding cuts — even as the regents are themselves part of state government — the end result is that the state of Iowa, through the Board of Regents, has raised a massive amount of new revenue over the past four years. What we still do not know is how the board is spending all of that unrestricted revenue, and how much is being spent. [ Read more ]