To: All Faculty & All Academic Professionals & All Civil Service Staff
<everybody@illinois.edu>
From: "President B. Joseph White" <presidentwhite@uillinois.edu>
Reply-To: presidentwhite@uillinois.edu
Subject: MASSMAIL - FY2008 Budget Summary
Dear Colleagues,
I write to inform you that the state of Illinois 2008 budget
appropriation for the University of Illinois is final and that for the
second consecutive year the University will receive an increase in its
base state revenue. The increase totals $13.3 million, or 1.9%, and brings
the University's total general revenue fund appropriation to $722.3
million (including legislative initiatives) for fiscal year 2008, which
began on July 1.
Having our state appropriation finalized after an historic budget
legislative session provides the University with certainty now about state
funding for fiscal 2008 and allows us to move forward with a salary
program, which I have authorized.
In addition to the base appropriation, the state will contribute
an estimated $441 million in fiscal 2008 to U. of I. faculty and staff
pensions and health care, bringing the state's total assistance to $1.16
billion of the University's $3.9 billion annual budget. Additional details
about the U. of I. budget can be found at
http://www.uillinois.edu/our/news/2008Budget.cfm.
It is a relief to have this vital piece of the University's total
resources equation in place as we begin the new academic year on our three
campuses. Thank you for your patience and, as always, for your good work
and dedication on behalf of the University of Illinois. And best wishes
for a successful new school year.
Sincerely,
B. Joseph White
President
This mailing approved by:
The Office of the President
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