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U of I Budget in the Black
CHICAGO (AP) -- The University of Illinois is still waiting for $279 million in unpaid state appropriations, but its budget is in the black.

Vice President Walter Knorr told the trustees that oversee the university's three campuses that the school is $16 million under budget. Trustees held their regular quarterly meeting Thursday in Chicago.

Knorr says one reason for the university's relatively healthy fiscal situation is tuition revenue. Tuition has provided $730 million in revenue this year. Four years ago that figure was $486 million. Knorr says the increase was fueled by both increases in tuition and higher enrollment.

Knorr says tuition revenue is now a bigger funding source than state revenue.

(Copyright 2010 by The Associated Press. All Rights Reserved.)
07 23 10 by Newsroom
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