Friday, July 24, 2015

Budget standoff affecting University of Illinois finances - Associated Press

Administrators at the University of Illinois at Champaign-Urbana usually draft a budget for the next fiscal year at this time of the year, but they have told trustees that isn't happening this summer because of the unresolved state budget crisis. There's no point in preparing a state funding request for 2017 when the school doesn't know how much money it will receive for the current fiscal year due to the budget impasse, administrators told trustees at a meeting Monday, according to The (Champaign) News-Gazette (http://bit.ly/1K60JGb ). Democratic lawmakers are at a standoff with GOP Gov. Bruce Rauner over a state budget. The new fiscal year is two weeks old and there still isn't authority to spend money for state programs. Christophe Pierre, vice president for academic affairs, said it's "highly unlikely" the board will approve a fiscal year 2016 budget during the September meeting like it usually does. http://www.pantagraph.com/news/state-and-regional/illinois/budget-standoff-affecting-university-of-illinois-finances/article_864a9a43-d947-5fcc-958f-aa02235e63f7.html

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