We have 24 faculty members over 3 campuses (Chicago, Urbana-Champaign, Springfield) and we don't have a political agenda.
Basics of Budgeting in IllinoisState finances work much like your finances at home. The state has income (revenue) and expenses (sometimes called expenditures). It also has a bank account of sorts (called a fund balance).Each year, the state comes up with a budget for the year, and then tries to stick to that budget throughout the year.
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