MAXED OUT: A SUN-TIMES SERIES
FACING UP TO OUR LOCAL AND STATE BUDGET CRISIS
Illinois' public universities are in uncharted waters, and for the first time there is fear that one or more could sink.
Never before has the State of Illinois simply stopped paying money it had appropriated for higher education. The state now is an estimated $800 million behind for this fiscal year. On campuses around the state, worried administrators are looking at looming payrolls they don't have the money to meet.
The nine universities already have responded by freezing hiring, ordering furloughs, deferring maintenance, draining cash reserves and taking other short-term …
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