The UI's chief financial officer says they could have missed out on about $80 million, so they were relieved to hear the governor doesn't plan to cut their budget. No extra money for the upcoming year, but Quinn's proposal would give them the same amount as last year.
About a third of the universities' budget comes from the state. That's why this is such a big deal. UI leader say they're glad the governor wants to invest in education.
His plan includes doubling the state's investment in the Monetary Assistance Program, or MAP scholarships. That would help students in need pay for college.
University leaders say, even though they were happy with Wednesday's proposal, none of it is set in stone, so they'll be watching to see how the budget pans out in the next few months, then how long it takes for money to get to them after it's approved.
Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.