The Iowa Board of Regents have approved a $766.9 million budget for Iowa State University’s 2026 fiscal year. It includes a $41.4 million increase in revenue, allocations of state funds for rural development and a breakdown of the athletic department’s deficit and cost-saving efforts.

The Iowa Board of Regents approved a tuition increase and pay raises at its meeting earlier this month. Meeting at the University of Iowa from June 10 to 12, the Regents voted to raise tuition for the...