The latest word from Springfield is that Illinois State University can expect a 6.1% operating reduction in state funding this coming budget year. President Al Bowman says that would reduce the state appropriation to below 1998 levels...
"That would mean a four point eight four million dollar cut for Illinois State. And in terms of how that might impact faculty and staff faculty salary increases really won't become clear until a few months."
Bowman says other state agencies have it much worse. He says he believes ISU would not have to resort to layoffs or furloughs. Bowman says ISU finances are still stable. As evidence, he says Moody's recently confirmed its bond rating of the University as A-two with a stable outlook.
Support Your Public Radio Station