Good of the Civic Fed for explicitly stating the decrease in public university operations funding is due to pensions. Many so-called news outlets and education advocates consistently omit this fact. Since FY2002, which was the peak year for public university operating funding, General Funds appropriations declined from $1.5 billion to $1.15 billion in FY2021.[3] That represents a decrease of almost 23% in nominal terms, or about 46% after adjusting for inflation. Like other areas of the State budget, increased pension and retiree healthcare obligations have crowded out operating funding for universities, with General Funds contributions to the pension fund for university and community… Read more »
Ex Illini
4 years ago
Illinois can’t retain it’s best and brightest as it is, but the idiots in charge have found a way to make it worse! The term “equity-based” is the equivalent of flushing money down the toilet.
debtsor
4 years ago
As how exactly is this supposed to improve our already fledging low ranked underfunded public education system? Oh that’s right. It’s not supposed to. The goal is to reform the system and restructure education around the lowest performing students and force the higher performing students to attend school out of state. Equity!
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
There 6,000 china nationals at U of I, so why not kick them home and save the taxpayers some money..
Because they are profit centers.
Good of the Civic Fed for explicitly stating the decrease in public university operations funding is due to pensions. Many so-called news outlets and education advocates consistently omit this fact. Since FY2002, which was the peak year for public university operating funding, General Funds appropriations declined from $1.5 billion to $1.15 billion in FY2021.[3] That represents a decrease of almost 23% in nominal terms, or about 46% after adjusting for inflation. Like other areas of the State budget, increased pension and retiree healthcare obligations have crowded out operating funding for universities, with General Funds contributions to the pension fund for university and community… Read more »
Illinois can’t retain it’s best and brightest as it is, but the idiots in charge have found a way to make it worse! The term “equity-based” is the equivalent of flushing money down the toilet.
As how exactly is this supposed to improve our already fledging low ranked underfunded public education system? Oh that’s right. It’s not supposed to. The goal is to reform the system and restructure education around the lowest performing students and force the higher performing students to attend school out of state. Equity!