Illinois Gets First State Budget in Two Years

The Illinois House of Representatives successfully overrode Gov. Bruce V. Rauner's veto of a spending bill for the 2018 fiscal year, reports The Chronicle of Higher Education and Inside Higher Ed.

The state had been without a budget for two years, which forced colleges and universities to use cash reserves, lay off faculty and staff, mandate furloughs, freeze hiring and limit university-sponsored travel, reported the Chronicle.

The new budget reduces state support for universities and community colleges by 10 percent below 2015 levels, although they will still receive much more than they did during the stopgap 2016 and 2017 fiscal years, reports Inside Higher Ed. The new budget also adds $36 million to the Monetary Award Program, a student aid program, after two years of uncertainty and stop-and-start appropriations. 

The two-year impasse seriously hurt institutions and students through cuts, declining enrollments, and by decreasing confidence in public education, Inside Higher Ed reported. In addition, the new spending plan, does not resolve fundamental disagreements over taxes, regulation and hundreds of billions of dollars in unfunded state pension liabilities.

 

Related Links

Inside Higher Ed

https://www.insidehighered.com/quicktakes/2017/07/07/illinois-gets-budget-after-2-year-impasse

Inside Higher Ed

https://www.insidehighered.com/news/2017/07/10/illinois-leaders-re-evaluate-higher-education-after-first-state-budget-two-years

The Chronicle of Higher Education

http://www.chronicle.com/article/As-Illinois-Budget-Impasse/240553