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NIU's finances crippled by state budget crisis.

Northern Public Radio
Published December 4, 2009 at 7:25 PM CST
NIU President John Peters
NIU President John Peters

By Christopher Hosken

http://stream.publicbroadcasting.net/production/mp3/wnij/local-wnij-874280.mp3

DeKalb, IL – The DeKalb-area's largest employer is suffering a cash-flow crisis. That was the description offered by Northern Illinois University President, John Peters. Among other things, Peters has ordered a hiring freeze. He says the goal is to conserve cash, so that NIU can continue to meet payroll. We hear now from WNIJ's, Christopher Hosken, about how the school got into this mess: