UI Trustees Chair Questions State Commitment to Higher Ed
The chairman of the University of Illinois' Board of Trustees says the state budget unveiled by Governor Pat Quinn calls into question Illinois' commitment to higher education.
Chairman Christopher Kennedy says the $697 million that the budget provides the U of I for the next fiscal year makes it difficult for the school to compete when hiring faculty. "There's some question as to whether or not this state takes higher ed as seriously as do other states," says Kennedy. "And if we continue to underfund, if we continue to decrease the funding, if we continue to not meet the obligations that the state has declared that they would meet to these institutions of higher ed.. people will simply not move to Illinois to take those leadership positions." Kennedy addressed Wednesday's U of I Trustees meeting as Quinn unveiled the budget in Springfield. The $697 million appropriation is $45 million less than the state promised this year - that amount coming through one-time federal stimulus dollars. The state now owes the U of I about $500 million - more than that when including $28 million in yet unpaid student assistance through the Monetary Awards Program, or MAP grants.
U of I Interim President Stanley Ikenberry says the university may seek authority from the legislature to borrow money, but will only do it as a last resort. He has yet to see how much Governor Pat Quinn's budget proposal for a 1% income tax hike would generate for colleges and universities. But Ikenberry called the idea a step forward towards Illinois' financial crisis. On a positive note, Ikenberry says the U of I is becoming more self-reliant through private fundraising. He says the University of Illinois Foundation has raised more than 80% towards its $2.25 billion goal in its 'Brilliant Futures' campaign.