Chicago State Declares Financial Emergency, Eyes Job CutsFebruary 4, 2016 |
CHICAGO ― Chicago State University trustees have declared a financial emergency at the troubled school that could make it easier to lay off employees.
According to the Chicago Tribune, trustees at the predominantly Black university on Thursday declared a type of emergency that in the academic world means the school faces an imminent threat to its survival that could require measures such as cutting faculty jobs.
The board also created a committee to decide on actions that could include layoffs and pay cuts.
Chicago State officials say the school will run out of money in March.
Public universities in Illinois have not received state funding since last summer because of the budget stalemate between Republican Gov. Bruce Rauner and the Democrats who control the General Assembly.