Chicago State Is Now Able To Pay Employees Through April
But Tom Wogan said Thursday that the South Side university still won't have the money to operate beyond that.
Chicago State had said it would run out of money by the end of March as Illinois public colleges and universities wait for state funding held up by the budget standoff.
Wogan told The Associated Press that Chicago State has negotiated with the vendors it owes so that it can make payroll through the end of April.
To stretch its finances, the predominantly black Chicago State already has issued notices of potential layoffs to its 900 employees and shortened the spring semester.