BREAKING NEWS: Payroll ensured for December with $15.5 million from state
January payroll still in flux
Aren Dow
Issue date: 11/19/09 Section: News
SIU received $15.5 million from the state of Illinois Tuesday, but the double the amount is needed to make payroll by January 1.
The shortfall for the January 1st payroll date is $16.5 million. In a statement issued Tuesday, SIU President Glenn Poshard said he remained "optimistic" the state would pay the amount needed for payroll sometime over the next three weeks.
The school would still be short on payroll for payments in January, however Poshard said last Wednesday in an open forum that tuition would be able to help make ends meet for next month.
The payment is the first received from the state since July 1st. Before the $15.5 million payment from the state, Illinois owed the school $115 million, which accounts for approximately 55 percent of the university's general revenues.
Despite the state owing nearly $100 million more in allocations, Poshard is looking to just meet payroll at this time, considering the backlog of state payments.
"While additional fiscal pressures are likely next spring, it is my judgment that at this time the University only seek reimbursement levels absolutely necessary to pay our employees," Poshard said in the statement.
No further comment from the university was available by Wednesday afternoon.
Please see the Tuesday edition of the Alestle for more information.
The shortfall for the January 1st payroll date is $16.5 million. In a statement issued Tuesday, SIU President Glenn Poshard said he remained "optimistic" the state would pay the amount needed for payroll sometime over the next three weeks.
The school would still be short on payroll for payments in January, however Poshard said last Wednesday in an open forum that tuition would be able to help make ends meet for next month.
The payment is the first received from the state since July 1st. Before the $15.5 million payment from the state, Illinois owed the school $115 million, which accounts for approximately 55 percent of the university's general revenues.
Despite the state owing nearly $100 million more in allocations, Poshard is looking to just meet payroll at this time, considering the backlog of state payments.
"While additional fiscal pressures are likely next spring, it is my judgment that at this time the University only seek reimbursement levels absolutely necessary to pay our employees," Poshard said in the statement.
No further comment from the university was available by Wednesday afternoon.
Please see the Tuesday edition of the Alestle for more information.
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Bill Jamison
posted 11/25/09 @ 12:05 PM CST
I realize I am speaking to deaf ears as a huge majority of college profs are flaming liberals and therefore impart their "wisdom" on the students but I just gots to try. (Continued…)
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