The Iowa Board of Regents on Friday approved 2 percent salary increases for the presidents of Iowa’s three public universities.
Regents President Craig Lang of Brooklyn said increases were limited to 2 percent because the university budgets this year will grow no more than 2.5 percent. Last year, the board approved 4 percent raises for university presidents.
Lang said he’s also anticipating tough conditions in the near future because of the drought’s effects on the state economy.
“Looking at the challenges as we move ahead, the drought will have an impact. Whether you think it will or not, it will have an impact. We think 2 percent, a cost of living increase, is appropriate,” said Lang, who said the board is planning to request a 2.5 percent increase in appropriations next year from the Legislature.