Springfield– State Sen. Jason Barickman (R-Bloomington) is working to help universities, community colleges, and MAP (Monetary Award Program) grant recipients receive critical funding now.
Barickman is co-sponsoring a nearly $1.7 billion higher-education spending measure that will be tied to a procurement reform proposal to help provide the funding.
“We need to fund higher education and we have to make sure we have a source of revenue to help pay for it,” said Sen. Barickman. “This is a comprehensive approach that would keep our universities open and allow our low-income students to stay in school.”
The legislation would use $1.7 billion in General Revenue Fund money to provide four-year colleges and universities with 80% of their 2015 funding levels, two-year colleges with 90% of their 2015 levels, and fund MAP grants at 100% of 2015 levels.
The bill would be contingent on passage of a procurement reform bill that would likely save Illinois half a billion dollars per year, which would help offset the higher education spending.
“This is one piece of crafting a balanced budget. This approach means we have $500 million more to help us come up with the full amount,” said Sen. Barickman. “We know our next budget will require a mix of reforms, cuts, and revenue to balance. This is a good step toward making that happen.”