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SPRINGFIELD, Ill. (WCIA) — A new proposal to revamp the state’s funding of higher education aims to create a more equitable approach to the process, but it’s been met with some pushback. Senate Republicans believe a recently proposed funding model for higher education could do more harm than good for public universities in Illinois. “We […]
(The Center Square) – Illinois Senate Republicans are urging for a subject matter hearing on Illinois’ ambitious plan for higher education funding, a plan that was revealed in March.
Illinois legislators say an ambitious public university funding plan could impact research being done at unive...
For the first time in at least a decade, annual liquor tax revenue in Illinois declined. The modest 0.3% drop from $318.9 million in fiscal year 2022 to $318.1 million in fiscal year 2023 also ends a ...
Most public pension systems in Illinois are facing a looming deadline to reach a 90% funded ratio within a few decades. That’s required most employers to increase required contributions. But despite...