Sunday, November 29, 2020

University of Illinois System Shrinks Budget by $232.9 Million - Emma Whitford, Inside Higher Ed

The University of Illinois Board of Trustees on Thursday approved a $6.74 billion budget for the 2021 fiscal year. The budget reflects a 3.3 percent decline from the previous year’s $6.97 billion budget, a $232.9 million difference. Included in the fiscal 2021 budget are $628.6 million in state appropriations, the same level as last year. The system projects incurring $270 million in pandemic-related expenses and negative effects during this fiscal year. It will pull $121.3 million from reserve funds to help cover COVID-19-related expenses.

https://www.insidehighered.com/quicktakes/2020/11/16/illinois-system-shrinks-budget-2329-million