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University of Idaho outlines improved finances but flags legacy liabilities and potential Phoenix transaction
Summary
University of Idaho President C. Scott Green told JFAC the university’s fiscal position has improved since a multi‑million‑dollar restructuring but that accounting for retiree benefits and pending transactions leave reserve measures below some benchmarks; agreement on a potential University of Phoenix transaction remains pending.
University of Idaho President C. Scott Green told the Joint Finance‑Appropriations Committee on Jan. 27 that the university’s financial condition has improved since a large base reduction, but legacy accounting items and an ongoing potential acquisition keep some reserve metrics below state board benchmarks.
At the hearing, Kevin Campbell, legislative budget analyst, summarized the University of Idaho’s multi‑year appropriations and noted the university’s FY2025 base budget is roughly $196.3 million and enrollment about 12,286 students. Campbell said the University’s FY2021 appropriation included a roughly $26 million base reduction to align expenses with revenues; he added that the university generally spent about 90% of appropriations over a recent five‑year window.
Why it matters: The university is Idaho’s land‑grant research institution; its fiscal health affects research capacity, statewide extension, medical and…
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