University of Illinois requests state-funding increase
URBANA - The University of Illinois has requested a $68 million increase in operating funds, nearly a 4 percent increase in state funding, for the 2016 fiscal year.
It would be the first time that the university would receive a boost in state funding since 2009. University of Illinois is currently operating on $1.4 million less than last year.
On Monday, vice president for academic affairs Chirstophe Pierre told school trustees that state funding and a state overhaul of its pension systems are uncertain, along with federal support for research. However, costs for health care are rising, and the school is nearing the upper limits on tuition rates.
The proposed budget would include $40 million for "competitive compensation" for faculty.