We are in a time of extraordinary change in public higher education - especially in Illinois. As a result of the State of Illinois' continuing financial challenges, it appears that public higher education will face yet another year of declining State support. We have been forewarned that GRF funds will be cut, starting at 4%, possibly more. We also anticipate a portion of institutional responsibility for pension sustenance. There is talk of another GRF cut in FY2015. With the Illinois Truth in Tuition Act and the Board policy and practice that tuition rate recommendations be compared to the average annual rate of inflation, the Board approved a 1.7% increase in tuition for AY2013-14 for the incoming freshmen class. This increase rate coupled with other declining resources require us to be prudent about our budget decisions.
Although the campus budgeting and planning process is well underway, at my request, Provost Lon Kaufman will host two campus-wide town hall meetings regarding the FY2014 budget outlook. An open question-and-answer session will follow short presentations by David Merriman, Professor and Associate Director, The Institute of Government and Public Affairs and Frank Goldberg, Vice Provost for Resource Planning and Management. Provost Kaufman and Saul Weiner, Professor of Medicine, Pediatrics and Medical Education and Vice Provost for Planning and Programs, will join Vice Provost Goldberg and Professor Merriman in answering your questions.
These budget town hall meetings will take place on:
Monday, March 18, 2013
1:00 p.m. - 2:30 p.m.
SCW - MICHELE M THOMPSON ROOMS A/B See the live webcast