Illinois lawmakers are rallying behind Senate Bill 3965, a groundbreaking piece of legislation aimed at overhauling the state's higher education funding system.
The bill introduces an adequacy and equity formula designed to address the $1.4 billion underfunding issue plaguing Illinois public universities, with a special focus on supporting regional and minority-serving institutions. Spearheaded by Carol Ammons and supported by members of the Illinois Senate Higher Education Committee, the proposed model seeks to rectify the current politically-driven and inequitable distribution of funds.
This initiative represents a significant shift towards a more equitable and needs-based approach to funding higher education in Illinois.
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