Pensions

Illinois shorts higher ed by nearly $530M compared to 15 years ago

Illinois shorts higher ed by nearly $530M compared to 15 years ago

Illinois’ institutions of higher education will get nearly $530 million less from lawmakers to run this year than they did in fiscal year 2009, adjusted for inflation. Coupled with rapidly rising pensions, students and their families can expect ever-higher tuition costs.

By Patrick Andriesen

Pensions put Illinois’ 2024 budget in red by over $4B

Pensions put Illinois’ 2024 budget in red by over $4B

Illinois state lawmakers shorted pensions by $4.1 billion and killed scholarships for low-income students, but gave themselves pay raises and a new office building. Their budget leaves no room for error as revenue projections drop.

By Bryce Hill