Saturday, February 13, 2016

Financial exigency for Chicago State U amid Illinois budget standoff - Tara García Mathewson, Education Dive

Chicago State University, a majority-black institution on Chicago’s South Side, declared a state of financial exigency Thursday as it continues to weather a political stalemate in the state's legislature, which has yet to produce a budget for the fiscal year that began July 1. The Chicago Tribune reports the university is looking at cost savings outside of layoffs so far, but a state of financial exigency will give administrators the power to cut even tenured faculty positions should the need arise. Eastern Illinois University plans to lay off 200 noninstructional employees and institute additional furloughs, and Northeastern Illinois University has said it will not last beyond the spring semester without money it needs from the state. http://www.educationdive.com/news/financial-exigency-for-chicago-state-u-amid-illinois-budget-standoff/413385/

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