Thursday, December 24, 2015

SIU campuses facing financial woes amid state budget crisis - Justin Andrews, KMOV

A looming budget crisis in Illinois has trickled down to one higher learning institution and may cause officials to take drastic measures, unless lawmakers reach an agreement. Southern Illinois University System President Randy Dunn is sending out a warning -- the college could close its doors, if legislators do not fix the state's financial woes. "We're going to have to figure out a means to pay back about $200 million in operations and about $46 million or so in student aid and grants and contracts we typically get from the state," said Dunn. Dunn said the university's doors will stay open through June 2016, but if the 5-month-old stalemate continues, layoffs could occur before the school potential shuts down. SIUE later released a statement saying the university will not shut down. http://www.kmov.com/story/30770614/siu-campuses-facing-financial-woes-due-to-state-budget-crisis

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