State Budget passed for first time in three years

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State Budget passed for first time in three years

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The Illinois House of Representatives overrode Gov. Bruce Rauner’s veto on three bills, meaning the state has passed its first budget in three years.

Under this budget, Eastern will receive 100 percent funding for FY 17, 90 percent of its funding for FY18, full Monetary Award Program funding for both FY 17 and FY18 and almost $5 million for needed capital repairs.

To meet ordinary and contingent expenses, $38,678,100 is being allocated for FY18, with a separate $8,000 being allocated to scholarship grant awards.

The $11,078,300 appropriated to the university is meant to meet operational expenses for the fiscal year ending June 30,2017.

Going from the Capital Development Fund to the Capital Development Board for the Illinois Board of Higher Education is $4,757,100 for the remodeling of the HVAC in the Life Science Building and Coleman Hall, $59,282 for upgrading the electrical distribution system and $10,790 to renovate and expand the Doudna Fine Arts Center, as well as funds previously appropriated.

 

 

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via The Daily Eastern News http://ift.tt/1V58Prm

July 6, 2017 at 06:14PM

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State Budget passed for first time in three years

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