THE CONTINUING CRISIS

Editor’s Note: “The Continuing Crisis” is a section of APAC News which links to news pertinent to the State budget crisis and other financial matters as they affect the University and Academic Professionals. These news outlets are not affiliated with or endorsed by APAC.

COLA CUTS fail to stand in Arizona; court case could impact Illinois. See WUIS.org, Feb. 21, 2014. http://wuis.org/post/arizona-pension-case-could-chart-course-illinois.

ILLINOIS SUPREME Court consolidates suits against pension reform law. See Chicago Tribune, March 3, 2014. http://www.chicagotribune.com/news/politics/clout/chi-illinois-pension-lawsuits-will-be-combined-heard-in-springfield-20140303,0,2197577.story

DECLINE IN State support highest for UIC among 70 higher ed institutions around the country. See Chronicle of Higher Education, March 3, 2014. http://chronicle.com/article/25-Years-of-Declining-State/144973/

CALIFORNIA SHOWS the way to fiscal solvency. See New York Times, March 6, 2014. http://www.nytimes.com/2014/03/07/opinion/egan-jerry-browns-revenge.html?_r=0

U OF I-CHAMPAIGN workers sue over pension reform. See Progress Illinois, March 7, 2014. http://progressillinois.com/news/content/2014/03/07/another-lawsuit-filed-against-pension-reform-law

ILLINOIS’ BAD financial reputation costing millions. See Crain’s Chicago Business, March 12, 2014. http://www.chicagobusiness.com/article/20140312/OPINION/140319920/poor-illinois-lousy-credit-and-now-a-reputation-risk-premium#

RETIRE NOW or lose money? See Peoria Public Radio website, March 14, 2014. http://peoriapublicradio.org/post/il-public-university-employees-face-tough-choice-retirement