Along with potential cuts, Pritzker stated he’s contemplating elevating revenue taxes by 1 proportion level throughout the board. The Basic Meeting must approve the speed hike.
Melissa Hahn, a spokeswoman for the Illinois Board of Increased Schooling, launched an announcement saying “we’re nonetheless within the funds growth course of,” however didn’t present additional remark.
Throughout a spring session that was truncated due to the pandemic, the Basic Meeting handed a $43 billion state funds that held funding comparatively regular for training. That was a disappointment for universities, which had been hoping to obtain a 5% bump in funding earlier than the pandemic hit.
The Illinois Scholar Help Fee, a state entity that manages need-based grants for school college students, was additionally in line to obtain an extra $50 million however as an alternative noticed its funding frozen ultimately 12 months’s degree.
Eric Zarnikow, ISAC’s government director, stated he understands that funds challenges had been created by the pandemic however hopes lawmakers will proceed to prioritize his company’s grants, that are distributed by way of the Financial Award Program. MAP noticed funding will increase in 2018 and 2020, bringing it to a historic excessive of roughly $451 million.
Zarnikow stated he thinks funds constraints may be a long-term problem and that it could assist if lawmakers in Washington stepped in.