University of Illinois

  The University of Illinois has received a relatively glowing financial report from Moody's Investor Service, but it comes with some caveats.  

The firm credits U of I leaders for having bolstered the school's balance sheet. The report says the school's brand and diverse revenue base -- for example, high demand from international students -- add credit stability that's helped to cushion state funding blows.  This includes the current budget impasse, which has resulted in public universities going nearly a year without funding.  

University of Illinois

The administration of Gov. Bruce Rauner is touting the low interest rate Illinois got in last week’s bond sale. But at least one public finance expert says that’s not the full story. 

Given Illinois’ low credit rating and ongoing fiscal disaster, it was expected the state would have to promise a bigger payday in order to attract investors to its bond sale.

Instead, Illinois got a historically low interest rate — which the Rauner administration wasted no time in touting.

U Of I Budget Using FY 2015 Figure As Guideline

May 10, 2016
Wikimedia Commons

  University of Illinois Trustees will soon vote on a budget for the next fiscal year, without knowing how much, if any, state funding, to expect - due to the ongoing budget impasse in Springfield. Normally, the U of I would use the current budget year as a guide when planning for the next one.

But since there’s been no budget, Chief Financial Officer Walter Knorr says trustees will use the state’s appropriation for the previous budget year -- FY 2015 -- as a guide when they meet in Springfield next week. 

University of Illinois police say two more large swastikas have been discovered drawn in campus buildings.

Police say the new swastikas were found by a campus employee on Sunday in an elevator and a wall in the Armory indoor track and field center.

Three other similar swastikas were found in campus buildings on Thursday. The 2-foot-tall symbols were drawn with markers.

Police spokesman Patrick Wade said Monday that like in the earlier incident, investigators have made no arrests and do not yet have any suspects.

Lovie Smith Introduced As New Illini Football Coach

Mar 8, 2016
Jeff Bossert / Illinois Public Media

Lovie Smith made his first appearance on campus yesterday as the University of Illinois’ next head football coach. 

The former Chicago Bears and Tampa Bay Buccaneers coach is the first African-American to lead the U of I’s football program. And Smith says he won’t lose sight of that fact.

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