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Iowa, Iowa State expect hefty budget shortfalls

A fall without football as usual on the campuses of Iowa’s three state universities is reflected in athletic budgets the Iowa Board of Regents will receive next Wednesday.

In documents released this week before the Big Ten announced plans for a shortened football season, Iowa projected a loss of nearly $96.9 million in income compared to a year ago.

Iowa State, which began a 10-game football season with no fans in the stands last weekend, anticipates a revenue decline of $41.6 million and Northern Iowa, expecting to play four home football games next spring, is budgeting for a revenue decrease of just over $625,000.