Board Approves $17M In Emergency Funding For 3 Universities

Nov 23, 2016

The Illinois Board of Higher Education has authorized $17 million in emergency funding to help three financially strapped state universities through the end of the year.

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The Chicago Tribune reports the board approved the measure unanimously on Wednesday. Under the agreement, Western Illinois University gets $8.4 million, Eastern Illinois University receives about $5.6 million, and Chicago State University gets around $3 million.

The funding can be used only to pay down costs incurred this year.

The board received $20 million from the state to distribute to schools in financial crisis. It's part of a temporary spending plan as the impasse over a full state budget stretches into a second year.

About $3 million is left. It'll go to the Illinois Community College Board in December.