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6/16/2008
A new State Legislative Update has been posted for your reference at collegezone.com. This Update, dated
June 16, 2008, contains the most recent status of bills which pertain to ISAC-administered programs and higher education in general.
Highlights of this Update include the fact that, while the Illinois General Assembly approved a budget for fiscal year 2009 (FY09) on May 31st and adjourned its spring 2008 session, the governor has called upon legislative leaders to meet with him and make decisions about how to cut FY09 spending and address the state's infrastructure needs. Consequently, changes are still likely. It should be noted that nothing is officially final until signed into law.
If the budget were to become law as it is currently written, public universities would receive an increase of about 2.8%, community colleges would see an increase of about 5.3%, and - with the exception of the Monetary Award Program (MAP), which would receive an additional $18 million in General Revenue Funds to incorporate FY2005 tuition and fees into the MAP formula or adjust the MAP award size - programs administered by the Illinois Student Assistance Commission would receive no increase.
The Update also contains information about bills from this session which were not passed by both Houses and, as a result, are highly unlikely to be acted upon this year.
The State Legislative Update can be accessed through College Zone's e-Library, #13, ISAC Announcements, Press Releases & State Legislative Updates. We will notify you when a new Update is posted.
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