Lawmakers file bill that would lock in U of Illinois funding

http://jg-tc.com/news/state-and-regional/lawmakers-file-bill-that-would-lock-in-u-of-illinois/article_c67a5bd3-4c01-5070-afda-112efd945798.html

CHICAGO (AP) — Eight state lawmakers have filed legislation that would guarantee the University of Illinois multi-year funding in exchange for limits on tuition increases and other benchmarks.

The Democrats and Republicans filed the bill Thursday as university trustees met in Chicago and passed a resolution supporting it.

Democratic state Sen. Bill Cunningham said the bill would help ensure the state is getting “real results” from the three-campus university system.

University President Timothy Killeen said the legislation would eliminate annual budget uncertainty. Killeen has pushed the plan in part as a response to the state-budget crisis.

The bill would lock in appropriations for the university for five years starting with $662 million in 2018 and changing based only on inflation.

The university would make only inflation-based increases in tuition for in-state undergraduates.

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Lawmakers file bill that would lock in U of Illinois funding

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