University of Illinois Board of Trustees approves background check, discusses budget - Maggie Sullivan, Daily Illini

@alter Knorr, vice president and chief financial officer, reported an update on the University's financial state despite still lacking finalized state appropriations for fiscal year 2016. "We continue to have a spread of possible reduction ranges from $57 million, or 8.5 percent, to $209 million or 31.5 percent," Knorr said. "For our purposes, once we get the ingredients to our appropriation, we probably need about 60 days to put all the work together of what needs to be done," he said. "This means we'll probably have a further deferral on an operating budget and will continue to operate on our appropriation of fiscal year 2015 until further notice." http://www.dailyillini.com/article/2015/09/september-board-of-trustees