IUP remains committed to maintaining a balanced operating budget and appropriate levels of reserves as dictated by the PASSHE Board of Governors and IUP Council of Trustees.

Planning for the most likely scenario for fiscal year 2014–15 shows a projected shortfall of $2.561 million.

After consulting with the University Budget Advisory Committee and the cabinet, President Michael Driscoll has decided to use one-time central savings to cover $1.281 million, reducing the shortfall to $1.280 million. Permanent budget reductions totaling this amount must be identified within the next 60 days.

President Driscoll is relying on the leadership and expertise of his vice presidents in determining budget reductions, and has provided them with a set of general strategic criteria to guide their choices.