Monday, November 16, 2015

Threat of crisis at Illinois universities could break budget impasse - Tara García Mathewson, Education Dive

The Illinois legislature is still stuck in opposition with Gov. Bruce Rauner on the state’s budget, but the threat that state schools will not be able to keep their doors open much longer could force a deal. The Chicago Tribune reports larger universities with greater resources have been able to weather the financial storm with minimal disruption, but small schools have instituted furloughs, laid off employees, cut athletic programs, instituted new fees, and faced credit downgrades, making the prospect of borrowing even worse. While schools have tried to remain optimistic as they recruit for next year’s classes, some have acknowledged the prospect of temporary closures before the end of the 2015-16 school year if state money does not come through. http://www.educationdive.com/news/threat-of-crisis-at-illinois-universities-could-break-budget-impasse/408419/

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