U of I officials expect funding reduction from budget deal

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CHAMPAIGN - University of Illinois officials say the school expects to see a $15 million cut in funding as a result of a new state budget deal approved by lawmakers this week.

According to University of Illinois spokesperson Tom Hardy, no furloughs or layoffs of faculty and staff should be expected, and students shouldn't be affected by the expected cut.  Hardy also says that the state owes the university about $297 million.

The expected cut comes from a plan designed to fix a $1.6 billion shortfall in the state's budget.  Lawmakers approved the legislation this week, and Rauner signed it on Thursday.  Under the plan, Rauner is allowed to transfer $1.3 billion from money set aside for other state purposes, with the rest of the money coming from a 2.25 percent across-the-board budget cut.
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