Tag: budget
Both the U.S. Senate and the House of Representatives are in recess this week. In the wee hours of the morning of Saturday, Feb. 19, the House of Representatives passed House Resolution 1 (H.R. 1), with amendments, largely along party lines, by a vote of 235-189. H.R. 1 is a Continuing Resolution (CR) to keep the...
Colleagues, Today Illinois Gov. Pat Quinn outlined his state budget proposal for next fiscal year, signaling his spending priorities for Fiscal Year 2012. His speech focused mostly on reduced funding levels and emphasized the importance of restructuring the state’s backlog of unpaid bills by borrowing approximately $8.75 billion to pay off most of the outstanding debt owed...
There has been a lot of activity in Washington, D.C., over the past week, primarily related to the federal FY2011 budget. Unfortunately, there is no good news for higher education or NIU. We want to provide you with the best information that we have been able to compile, recognizing that this information may change as...
Parameters of the budget discussions will be set this week. Illinois Gov. Pat Quinn presents his budget address Wednesday, Feb. 16, and is expected to identify cuts that have already been made, debts that must be paid and the need for bonding in order to expedite those payments to vendors. The size of current obligations range from...
The latest news regarding pension and budget issues is now available via Twitter feed. “Few topics will be more important to current and former NIU employees this spring than discussions in Springfield that could dramatically alter the way the state administers pensions and health care for both groups,” NIU President John Peters said. Just this...
As work begins in Springfield on the FY2012 budget, the state’s financial well-being is once again a topic of extreme interest. “While the tax hikes approved at the end of the last legislative session will provide some new revenue, and some relief for the state, it is just one of many steps required to restore...
