Illinois House OKs $600M lifeline for struggling colleges - KMOV.com

Illinois House OKs $600M lifeline for struggling colleges

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By IVAN MORENO
Associated Press

SPRINGFIELD, Ill. (AP) - The Illinois House has approved a $600 million short-term funding fix for financially struggling colleges and universities that have been without funding during the state budget stalemate.

The rare bipartisan deal was overwhelmingly approved on a 106-2 vote Friday. Republican Gov. Bruce Rauner is expected to sign the bill if it clears the Senate.

The bill comes at a critical time for Chicago State University, which is on the verge of closing its doors.

Democratic state Rep. Jack Franks, who voted no on the bill, says he prefers a full resolution to the budget that should've taken effect July 1.

Money for the bill is possible because of a surplus in the state's Education Assistance Fund. The funding proposal also has nearly $170 million in tuition grants for low-income students.

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