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$62M Of State Surplus Money Will Go To IU Bicentennial Renovation Plan

Bicentennial sign

(Barbara Brosher, WFIU/WTIU News)

An Indiana House committee adopted House Bill 1007 Tuesday, which allocates $291 million of the state’s budget surplus to six state university systems, including Indiana University.

This came after the committee rejected a Democratic proposal that would have directed that money toward one-time teacher pay bonuses.

The proposal would've resulted in bonuses of more than $4,000 per teacher, whose average 2017-18 salary of about $50,600 was the lower than teachers in any of Indiana's neighboring states, according to the National Education Association.

READ MORE: Indiana Panel Rejects Proposed $291 Million Teacher Pay Hike

According to the bill’s fiscal impact statement, IU will receive $62 million to go toward its “bicentennial repair and rehabilitation plan” between July 2020 and June 2021.

IU spokesperson Chuck Carney says that plan funds the renovations of the Mathers Museum, Glenn A. Black Laboratory of Archaeology and the McCalla School at IU Bloomington and the School of Health and Rehabilitation Sciences, Dunlap Drug Discovery Lab, the Bryce Building and the Ott Building at Indiana University-Purdue University Indianapolis.

$73 million of the surplus will fund Purdue University's new College of Veterinary Medicine Teaching Hospital building.

The Associated Press contributed to this story.

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