Illinois Universities Make Plea for Cash
Springfield, IL – Illinois public university presidents continue to worry about making payroll and depleting their schools' reserves because the state isn't giving them the money they've been promised. University leaders are asking Governor Pat Quinn and Comptroller Dan Hynes to set a payment schedule so they can collect the more than $735 million in state payments owed to them. Illinois faces a deficit that could be $13 billion this year. Officials are limping through the fiscal year by not paying bills and borrowing money. Universities have cut budgets, imposed furlough days and frozen hiring and salaries to conserve cash.