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Old 03-19-2017, 04:34 PM   #1
Trapped in California
Escaped from CA
Last Online: Today 05:19 PM
Join Date: Nov 2007
Location: KC
Posts: 7,266
Default Illinois universities' budget situation summarized

Following the on again - off again discussion of the collapse of Illinois-

For those with a Wall Street Journal sub

Illinois Universities Feel the Brunt of State?s Fiscal Woes

For those without, the article summarizes, since last fiscal budget approved in 2015:

EIU - has shed 25% of employees

SIU - dropped public broadcast center, a regional economic development office and counseling services. Also dropped men + women's tennis, and trim swimming scholarships

Chicago State - Enrollment has decreased by 50% from 2010. 86 freshmen enrolled this year, with total size of 3,578. It looks to be on the verge of collapsing. (my comment, not from article)

Governor's State - cutting 22 degree programs, in addition to 13 programs ceased in past two years. Imposing eight unpaid furlough days on 1,100 staff during spring semester. Moody's downgraded debt to junk status.

Illinois and Illinois State have been less impacted to date due to larger cash reserves.

The collective disfunction in Illinois government is breathtaking. Spending like California without Silicon Valley's geyser of tax revenue to support the costs.

As a parent with a XY entering high school, I look upon this mess, and just strike public universities in the state of Illinois off the list of possible schools. It could all be cleaned up in four years, but the chances seem rather unlikely. Seems more likely things will trend worse, affecting students (and staff) in unpredictable ways. I am wondering how many other parents are thinking the same thing?
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