Daily Iowan: The University of Iowa identified additional budget cuts on Friday, including a 50% reduction in President Bruce Harreld’s base salary, pending approval by the state Board of Regents at its July 29 meeting. The university will also reduce funding for Hancher Auditorium for the current fiscal year, kicking off a three-year process to cut all university funding for the venue and transition it to a self-sustaining model.