The University of Illinois System is ready to sacrifice future flexibility in order to end fiscal uncertainty that has persisted as a state budget stalemate continues into its second year.
The system is pinning its hopes on a deal that would have it agreeing to several performance-based funding metrics which would include limits on tuition increases, increased emphasis on in-state admissions and spending on enrolling in-state and underrepresented students. In exchange, the state would provide the three-university system with predictable annual funding over a five-year period, ease some regulatory restrictions and create a fund to recruit and retain faculty members.
Read more at Inside Higher Ed: https://www.insidehighered.com/news/2016/11/18/university-illinois-wants-deal-free-state-funding
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