Friday, September 24, 2010

UI trustees approve new budget

Following a report that said the state budget is doomed without pension reform, the University of Illinois Board of Trustees adopted a 3.9 percent increase in its operating budget.

The UI's total budget for the 2011 fiscal year, which began July 1, is almost $4.8 billion for the three campuses.

Comptroller Walter Knorr told the board, which met Thursday at the Illini Union, that the state was behind $245 million, despite a recent $78 million payment.

The board also approved an interim chancellor for the Springfield campus, Harry Berman, and conferred emeritus status on retiring UI Springfield Chancellor Richard Ringeisen.

The board news was featured in a September 24, 2010, article in the Champaign News-Gazette.

Download a PDF of the article