State of Illinois Budget Update
Dear faculty, staff, students and friends: The new state budget passed by the Illinois General Assembly and expected to be signed by Gov. J.B. Pritzker will provide $655.2 million in general operating funds to the University of Illinois System for the coming fiscal year, as well as a $122 million increase for the Monetary Award Program (MAP), the state’s primary student financial aid program. The state budget for the 2023 fiscal year, which begins July 1, will increase the U of I System appropriation by 5 percent over the current year. The budget passed also applies an additional $28.1 million supplemental appropriation to the current fiscal year’s $622 million in state operating funds, essentially providing the fiscal year 2023 increase a year early. This marks the third consecutive year that legislators and the governor have maintained or increased U of I System funding. These increases signal continued recognition of the value the U of I System provides not only to our more than 94,000 students, but also to the state as a whole, and we are grateful to our legislators and governor for their investment in higher education. Highlights of the budget include:
In addition to the budget, the legislature also approved regulatory measures that streamline and improve procurement, allowing the university system to more effectively engage minority vendors and conduct business in the state. The measures also establish a taskforce to report on further procurement reforms needed to legislate in the fall veto session. We thank our U of I Caucus for its hard work and dedication during this budget process, and we appreciate the support of all of you in making the U of I System a powerful engine of progress for the state. We are grateful to Gov. Pritzker and the legislature for their ongoing partnership, reflected in this budget which makes vital investments in higher education. We look forward to further collaboration as we work to ensure our universities have the financial backing to continue to deliver for the people of Illinois. Sincerely, Tim Killeen Robert Jones Michael Amiridis Karen Whitney |
||||
This mailing approved by:
Office of the President sent to: Academic Professionals, Civil Service, Faculty, Extra Help, Graduate Students, Undergraduate Students, Incoming Graduate Students & Incoming Undergraduate Students |
||||
Massmail Archive • Powered by Webtools | ||||