Illinois Pension Crisis Will Likely Mean College Funding Cuts
Aid may drop 4.6 percent
The General Assembly's inability to overhaul the state's pension mess has universities looking at a cut in state aid next year of about 4.6 percent.
That possible reduction, just the latest in a decade-long decline in state assistance for the state's institutions of higher education, could again mean a new round of tuition hikes, hiring freezes or larger class sizes.
The number was included as part of a budget projection released by Gov. Pat Quinn, who says without action by the legislature, the state's rising pension costs will mean less spending in other areas of government in the fiscal year beginning July 1.