Thursday, February 25, 2016

Chicago State University President on School’s Financial Crisis - Hunter Clauss and Meredith Francis, WTTW

Illinois’s historic budget impasse is wreaking havoc on the state’s public colleges and universities, which would normally receive tens of millions of dollars from the state but are instead faced with steep budget shortfalls and the risk of losing their accreditation. The financial uncertainty has hit Chicago State University particularly hard. The Far South Side university recently declared a financial crisis that paves the way for the school to pursue severe cost-cutting measures, such as laying off tenured professors. A spokesman for the university says CSU was budgeted to receive about $39 million from the state, but that money is tied up in the budget battle between Republican Gov. Bruce Rauner and the Democrat-controlled General Assembly.

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