How much money are Illinois colleges getting in the new budget? ‘It’s definitely good news for colleges and universities.’ – Chicago Tribune

The state budget Gov. J.B. Pritzker signed June 5 raises higher education general funding by $154 million or 8.2 percent, the largest year-over-year percentage jump since 1990, according to the Illinois Board of Higher Education. The budget includes $1.16 billion to cover day-to-day operations at the 12 public universities. That is a 5 percent increase over last year, giving the schools an additional $52.8 million. Community colleges will receive a 12.3 percent increase from the 2018-19 school year, up $33.2 million for a total budget of $303 million.