University of Illinois

2008 Budget Update

University and State Information

• Budget details (August 27, 2007)
• President B. Joseph White's email to faculty and staff (August 27, 2007)
• University of Illinois receives $13.3 million increase from state (August 24, 2007) [PDF]
• Governor Blagojevich signs FY08 budget (August 23, 2007)

Media Coverage

• "Illinois finally has budget"  News-Gazette (August 24, 2007)
• "Governor picks and chooses"  Chicago Tribune (August 23, 2007)
• "Governor cuts $463 million from budget"  Pantagraph (August 23, 2007)
• "Gov signs budget, vetoes $463 million"  Chicago Business (August 23, 2007)
• "Illinois '08 budget approved"  St. Louis Business Journal (August 23, 2007)

Budget

The University of Illinois revenue budget is derived from numerous sources including State of Illinois appropriations, student tuition and fees, sponsored research, gifts and endowments, auxiliary operations income (bookstore), and earnings from the UIC hospital and medical plans.

The operating budget is more than $3.65 billion (2006-07), including State of Illinois payments on behalf of (for employee benefits) and the academic facilities maintenance fund assessment.

A 2008 budget fact sheet summarizes the preliminary revenue budget (May 2007).

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