I have never understood why many seniors/retirees feel like they should get a free pass when it comes to contributing to common expenses our state has. Grandma doesn't want to pay a few percent of her Social Security check in taxes? Let her move to Florida. That relieves Illinois taxpayers of paying her nursing home bill someday when she uses up all of her liquid savings and goes on Medicaid.wiu712 wrote:Applying the state income tax to grandma's Social Security check would be political suicide.
Updates to faculty layoff plan and other stuff
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Leatherneck10
- Posts: 89
- Joined: Sun Feb 28, 2016 8:32 am
You do pay federal income tax on withdrawals from your 401-k.WIU0812 wrote:I was pretty sure you had to pay tax on your 401K money once you take it out. It is just not taxable when it is being put into the account.
You do not pay state income tax on it.
Illinois State spending 20 percent below budgeted amount
From the Associated Press:
Illinois State University officials say the school has fared better than most others across the state amid the ongoing budget crisis.
The university in Normal has been spending below the level authorized by its board of trustees as it waits to see how much money it will receive from the state.
The board in October approved a $422 million operations budget under the assumption that there would be a 10 percent cut in state appropriations compared with the previous fiscal year. But Chief of Staff Jay Groves tells The Bloomington Pantagraph that the university has been spending at the 20 percent reduction level all year.
Only the University of Illinois at Urbana-Champaign has been stronger with its spending.
From the Associated Press:
Illinois State University officials say the school has fared better than most others across the state amid the ongoing budget crisis.
The university in Normal has been spending below the level authorized by its board of trustees as it waits to see how much money it will receive from the state.
The board in October approved a $422 million operations budget under the assumption that there would be a 10 percent cut in state appropriations compared with the previous fiscal year. But Chief of Staff Jay Groves tells The Bloomington Pantagraph that the university has been spending at the 20 percent reduction level all year.
Only the University of Illinois at Urbana-Champaign has been stronger with its spending.
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sealhall74
- Posts: 5985
- Joined: Fri Apr 18, 2014 1:18 pm
- Location: Wherever, Windblows
It all starts at the top. Take a look at their Board of Trustees - almost all from the northeast. Ours, almost all Macomb and QC.vatusay wrote:ISU has been getting stronger as others decline. I believe their admission requirements are higher?
Embrace the pace of the race.
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Neckfansince71
- Posts: 1184
- Joined: Sat Apr 19, 2014 7:06 pm
Could it also have something to do with the fact that it is located in a populated area where two major highways meet, 1.5 hours from the suburbs and 45 minutes from Peoria, plus the home of two large insurance companies? The funny thing is, that when ISU and WIU met in the playoffs there was almost as many Leatherneck fans as ISU fans. If the same university and population was magically transported to the south, you would have a football stadium of 75,000 and membership in the SEC! I still can't get over the fact that of the 25,000,000 spent on the east side of Hancock Stadium, only 5 million was privately donated, the rest was all student fees. 
jc
jcAbout 90 positions have been left vacant at ISU, about $3 million in maintenance has been deferred, and about $3.8 million in operating expenses has been cut or postponed, according to information presented to the ISU BOT at a recent work session.
ISU Officials said there's no danger of the university closing, but it might have to re-evaluate policies on such things as absorbing the expense of the unfunded state Monetary Award Program grants for needy students.
Unlike a few other public universities in Illinois, ISU has had no layoffs and no furloughs. But that could change depending on how long the state budget impasse continues.
ISU is said to be in better shape than most schools because of "careful spending, low debt, and high enrollment."
Some schools have struggled with enrollment, but ISU has had record enrollment for the past two years, and it's on pace for another good year, according to ISU officials.
But all Illinois universities are concerned that the budget impasse will encourage residents to attend out-of-state schools.
ISU President Larry Dietz has said on several occasions that one of the negative impacts of the budget impasse is the terrible message it sends to students who are shopping for a school to attend.
The ISU board hopes to set tuition and fees for incoming students at its next regular meeting on May 6, even though it will be challenging to do so without knowing appropriations for fiscal year 2016 or 2017.
ISU Officials said there's no danger of the university closing, but it might have to re-evaluate policies on such things as absorbing the expense of the unfunded state Monetary Award Program grants for needy students.
Unlike a few other public universities in Illinois, ISU has had no layoffs and no furloughs. But that could change depending on how long the state budget impasse continues.
ISU is said to be in better shape than most schools because of "careful spending, low debt, and high enrollment."
Some schools have struggled with enrollment, but ISU has had record enrollment for the past two years, and it's on pace for another good year, according to ISU officials.
But all Illinois universities are concerned that the budget impasse will encourage residents to attend out-of-state schools.
ISU President Larry Dietz has said on several occasions that one of the negative impacts of the budget impasse is the terrible message it sends to students who are shopping for a school to attend.
The ISU board hopes to set tuition and fees for incoming students at its next regular meeting on May 6, even though it will be challenging to do so without knowing appropriations for fiscal year 2016 or 2017.
Question for the group:
When does an enrollment reduction trigger a reduction-in-force for staffing ???
A early posting had mentioned that the Fall 2016 freshmen enrollment would be 1,500 instead of the expected 2,000.
500 fewer freshmen would mean that fewer faculty and fewer residence hall staff would be needed.
A full-time freshman pays $537 per year in Athletic fees. So 500 X $537 = $268,500. That would be a big hit to the Athletics budget.
I can remember hearing former President Goldfarb saying on "Public Perspective" on WJEQ-FM that he predicted that Western's enrollment would stabilize in the 6,000 range. That would be what the campus was like in the early 60's when Western played NAIA Athletics.
When does an enrollment reduction trigger a reduction-in-force for staffing ???
A early posting had mentioned that the Fall 2016 freshmen enrollment would be 1,500 instead of the expected 2,000.
500 fewer freshmen would mean that fewer faculty and fewer residence hall staff would be needed.
A full-time freshman pays $537 per year in Athletic fees. So 500 X $537 = $268,500. That would be a big hit to the Athletics budget.
I can remember hearing former President Goldfarb saying on "Public Perspective" on WJEQ-FM that he predicted that Western's enrollment would stabilize in the 6,000 range. That would be what the campus was like in the early 60's when Western played NAIA Athletics.