FY2012 Budget

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Update on Budget

May 17, 2011

The House and Senate have passed budget bills, each with a different vision for higher education.

House Bill 3700:

  • Reduces funding for public universities by 1.6 percent, or $15 million.
  • Cuts funding for MAP grants by $17 million – an act aimed at students attending for-profit institutions.
  • Cuts funding to the University Center of Lake County by 42 percent

Senate Bill 2443:

  • Cuts public university funding 5.5 percent, or $65.8 million
  • Increases funding for MAP grants by $25 million
  • Cuts grants by 10 percent
  • Cuts funding to the University Center of Lake County by 5 percent

In the days ahead, representatives from the two houses will work to find a compromise number that both can accept. However, it is important to note, that in the process of such negotiations, the two sides could ultimately agree to even larger cuts in public university funding than those that are currently found in Senate Bill 2443.

FY2012 Budget Information