Chicago State University declared itself in a financial state of emergency Thursday, increasing the chances that the school will resort to layoffs and cuts in order to survive the ongoing budget stalemate.
Trustees at the predominantly black university on Chicago's South Side have also formed a committee tasked with deciding what cuts should be made to keep the school afloat. Public universities in Illinois have not received state funding since July 1, the start of the current fiscal year. State lawmakers and Gov. Bruce Rauner have failed to come together on a state budget, creating sheer financial chaos for institutions that depend on state funding, including higher education and social service providers.
Chicago State University will reportedly run out of money by next month.