UIC leaders detail impact of budget impasse
As the state budget stalemate nears its two-year mark, university officials are preparing to make additional budget cuts while continuing to diversify revenue streams.
“We have been holding our ground,” Chancellor Michael Amiridis told community members at a town hall held by the Academic Professional Advisory Committee Feb. 9, addressing the budget gridlock’s effects, “but I don’t know for how much longer we’ll be able to.”
Amiridis and other university leaders explained that UIC has not received a full-year budget appropriation since fiscal 2015, and even though stopgap funding was approved in fiscal 2016, sending $180 million to the University of Illinois system, the amount was about 27 percent of what the system expected to receive, leaving UIC with a budget shortfall of about $125 million. The stopgap partially funded Monetary Assistance Program (MAP) grants, too, but it only provided $170 million statewide, about 45 percent of the fiscal 2015 appropriation. Read more...