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Old 03-19-2017, 04:34 PM   #1
Trapped in California
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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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Old 03-19-2017, 05:40 PM   #2
SteinPizza
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Default Re: Illinois universities' budget situation summarized

Quote:
Originally Posted by Trapped in California View Post
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?
Illinois (Chicago) has a cash cow that is unmatched (except by New York). Financial trading. That said, it's a pretty exclusive business, practiced by a relatively small number of insanely wealthy people. A corporate campus, with thousands of decently paid employees, is bound to produce more tax revenue than a loft office with 25 guys glued to a computer screen all day, even though the 25 guys may make/lose more in a week than 95% of the corporate campus people earn in a year. That combined with a very robust corporate scene, means that the Chicago private sector/standard of living is very high. Public...wouldn't touch that pile of dung with a 10 foot pole.

Illinois' state problems are very real, as are some of the cities. Not trying to diminish that.
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Old 03-27-2017, 10:27 PM   #3
UNIdad
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Default Re: Illinois universities' budget situation summarized

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


Interesting. SIU's swimming and diving program has always prided itself on getting international students (sometimes as many as 12 different countries at a time), including top Chinese divers and some shady recruiting practices.
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