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Universities face more spending cuts

Tue, 29 May 2012 04:14:03 CDT
By: IPR

The Illinois House is considering a six-percent cut to state universities in next year's budget. That's nearly double the reduction in the budget plan that passed the Senate last week. The dollar amount of the cuts would vary depending on the size of the institution. Illinois State University would lose nearly four-point-eight million dollars. For the three campuses of the University of Illinois ... in Urbana, Chicago and Springfield ... that amounts to a reduction of more than $42 million dollars. The proposal also slashes 15-million dollars from scholarships for needy students through the Monetary Assistance Program, also known as MAP Grants. On top of that ... the state could shift more of the pension burden for university employees onto schools. A proposal to deal with the state's under-funded pension systems is expected to come up for a vote Tuesday.

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