The University of Illinois revenue budget is derived from numerous sources including State of Illinois appropriations, student tuition and fees, sponsored research, gifts and endowments, auxiliary operations income (bookstore), and earnings from the UIC hospital and medical plans.  These sources can be visualized in this graph here.

The following is a Budget Update released to the University of Illinois by the university’s President, B. Joseph White.

A state budget bill that passed the Illinois House and Senate on May 31 included $697.9 million in general revenue funds for the University of Illinois 2010 fiscal year (July 1, 2009-June 30, 2010), and it restores the 2.5 percent budget rescission in fiscal 2009.

In addition, the U of I will receive $53.3 million in U.S. Department of Education funds from the American Recovery and Reinvestment Act of 2009, the federal economic stimulus bill. The total fiscal 2010 state general revenue funding is $751.2 million. This appropriation reflects a
1.1 percent increase, $7.8 million, in the university’s base operating funds from the state over fiscal 2009 funding. These funds are contingent upon Gov. Patrick Quinn’s signature of approval.

The Legislature also has acted on a capital budget that allocates $249.5 million to the U of I for fiscal 2010.

* The Urbana campus would receive capital funds for the Lincoln Hall renovation, a post-harvest crop processing and research laboratory, the National Center for Supercomputing Applications’ petascale computing facility and an electrical and computer engineering building.
* The Chicago campus would receive capital funds to modernize its College of Dentistry building and to construct the National Rural Health Center at the College of Medicine at Rockford. The College of Medicine would also receive capital funds to construct a cancer-research center in Peoria. The College of Dentistry would receive funding to build a pediatric dental clinic.
* The Springfield campus would receive capital funds for a public- safety building.

The three campuses would receive repair and renovation funds to address deferred maintenance in the amounts of $18.6 million for the Urbana campus, $12.5 million for the Chicago campus and $1 million for the Springfield campus. Capital funding is contingent upon final legislative approval and Gov. Quinn’s signature of approval.

Other U of I funding in fiscal 2010 statewide legislative budget bills include allocations for Cooperative Extension, the Division of Specialized Care for Children and sickle-cell research. (Project Chance funding continues with support from the University’s general revenue
funds.)

We at the U of I appreciate the foresight of the state’s legislators and governor for recognizing even in these difficult economic times that higher education funding remains an important state priority and an investment in the future.

At its May meeting in Chicago, the Board of Trustees approved a preliminary 2010 fiscal-year university budget of $4.5 billion. Student room-and-board rates and fees were set at the trustees’ January meeting.

Tuition for first-time, 2009-10 incoming students will be set soon by the Board of Trustees. Tuition for returning undergraduate students will be the same as last year under the four-year tuition guarantee.