Rauner Signs $600M University Funding Package
SPRINGFIELD, Ill. (AP) -- Gov. Bruce Rauner has signed legislation authorizing $600 million in emergency funding to keep major Illinois universities operating until fall.
The Republican signed the bill Monday after a debate last week over the temporary spending plan in the General Assembly.
The package includes $170 million for the Monetary Award Program, a needs-based grant that colleges doled out this past school year without state reimbursement.
Rauner and Democrats who control the Legislature have been unable to agree for 10 months on a plan for the budget year that began July 1.
In a statement Monday, the first-term governor said the law doesn't solve the budget crisis but is "a first step toward compromise."
He reiterated his demand for business reforms and union-power curbs first.
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