Wednesday, July 8, 2015

No immediate impact on ISU, HCC from budget impasse - Lenore Sabota, Pantagraph

Neither Illinois State University nor Heartland Community College will be affected immediately if, as expected, no state budget is approved before the fiscal year begins Wednesday. But, the longer the budget impasse drags on, the more difficult it is to plan, the top financial officers for the two schools said Monday. About 18 percent of ISU's operational budgets comes from state appropriations. At Heartland, the figure is just under 8 percent. “Immediately, there's not really a significant impact,” said Greg Alt, ISU's interim vice president of finance and planning. “We've been managing late payments from the state for years now.” ISU is still waiting for 20 percent of its appropriation for the current fiscal year, which ended a week ago.

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