From AP - News Headlines -

UI Trustee Says New President Will Be Named Next Week

The University of Illinois is expected to name its next president by next week. Trustee Pam Strobel confirmed today that the announcement will come between now and next Thursday's U of I Trustees meeting in Chicago. She says the person is a sitting university president or provost. Her comments came after the Trustees' finance committee meeting.

Illinois lawmakers have yet to approve a budget, but Interim President Stanley Ikenberry says trustees still plan on a tuition hike for next year of 9.5 % based on the best information they have. After the committee meeting, he said the U of I will also consider a short-term borrowing measure to make up for a loss of state dollars. Ikenberry says it's frustrating that lawmakers haven't completed their work. He says trustees have to give both the U of I, as well as parents, time to plan. But Ikenberry admits the funds from that tuition increase will fall well short of covering roughly $46 million dollars in lost state support, and a number of comparable budget reductions will still be required.

"I think our philosphy going into this is to ask academic programs and students both to share in this... that's been our practice in the past," said Ikenberry. "And that's what kind of a recommendation would provide for." Ikenberry says it remains to be seen whether the U of I would act on a measure giving short-term borrowing authority to public universities. Governor Pat Quinn has yet to sign the bill. Ikenberry says unless legislators solve Illinois' overall financial crisis, he says borrowing will be likely.

Categories: Economics, Education