U Of I Might Not Be In Total Budget Disarray
The University of Illinois will be able to continue operating, even in the case of a possible state government shutdown.
Governor Rauner and Democratic leaders in the General Assembly are engaged in a budgetary stalemate. With 20 days left until the next fiscal year, the state’s comptroller says her office could cease payments come July 1.
But U of I spokesman Tom Hardy says the university and its employees would not be immediately affected.
"We have reserves in place," Hardy said. "We have various sources of funds that we can utilize and so I don't think there's anticipation right now of some point where we wouldn't be able to fulfill our financial obligations."
Hardy declined to go into detail on the school’s immediate plans, but says he’s confident a budget compromise will be reached.