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Spring breakers stuck in Illinois as colleges in cash flow hell

from Bloomberg

Illinois’s failure to pass a budget is failing its colleges. As the impasse between Republican Gov. Bruce Rauner and the Democratic legislature nears its ninth month, shutting off hundreds of millions of dollars for higher education, public universities are raiding reserves, deferring projects and planning to lay off employees. Chicago State University canceled spring break to finish the semester before cash runs out and said that the entire faculty and staff may be let go. more

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