Supporting Government
Part of what The University of Iowa spends on salaries, goods, and services returns to state and local governments in taxes paid by employees, vendors, and others.
In fact, the University’s impact on tax revenues exceeds its state funding. During fiscal year 2009, taxes generated directly and indirectly by the University totaled $486.9 million—$1.28 for every $1 in state appropriations.
The University’s tax impact includes income, sales, property and other taxes paid by employees; taxes paid by companies who receive payments from the University; and a wide range of taxes paid by visitors to campus. Overall, the University stabilizes and strengthens the state and local tax base.