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|FIRST ON WGIL: Carl Sandburg College Needs More Money; Commencement Speaker Named
|FIRST REPORTED 12:00pm 12/18/09You can safely add Carl Sandburg College to the list of institutions that are, for lack of a better term, getting the shaft from the state of Illinois.
CSC president Tom Schmidt told the college's Board of Trustees Thursday night the institution, if the board approves next month, wants to issue enough bonds in the district's Working Cash Fund to give the fund roughly $2 million additional, in order to make up for what already is about a five-month delay in state aid and other payments.
Schmidt says no matter how hard the Illinois General Assembly works to try and right the ship, he doesn't see the situation getting any better.
"It's not just a slowdown in the state aid payments," Schmidt said. "It is the potential brewing reality that there may, in fact, be elimination of state payments that might otherwise flow to Carl Sandburg College and/or others."
Schmidt says projected state budget cuts next year, coupled with federal economic stimulus dollars going dry that's covering some aid, coupled with the state having to pay off the debt it's already accumulated, are all contributing to the problems.
He says the state essentially already owes CSC $4.5 million in aid payments. The college held a public hearing on the proposal to issue the working cash bonds Thursday night. There was no public testimony.
Schmidt also announced Thursday night that Western Illinois University president, Doctor Al Goldfarb, has been confirmed at the college's commencement speaker this coming May. The ceremony, tentatively, will be held at the Orpheum Theatre for the first time.
|12 18 09 by Newsroom
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