Rauner Signs $600 Million University Funding Package

Rauner Signs $600 Million University Funding Package

Springfield (AP) — Gov. Bruce Rauner has signed legislation to keep major Illinois universities operating until fall. The Republican signed the bill Monday after a debate over the temporary spending plan last week in the General Assembly. The $600 million package includes $170 million for the Monetary Award Program, a needs-based grant that colleges had to dole out this past school year without state reimbursement. Rauner and Democrats who control the Legislature still have been unable to agree on a full-year plan for the budget year that began July 1. The first-term governor released a statement Monday saying the law doesn’t solve the budget crisis but is “a first step toward compromise.” But he reiterated his demand for business reforms and union-power curbs first.