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Caption: Booklet - State of University (1958)
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decisive majority was in Us favor. Further, despite extended public discus sion of the question, the needs for which the bond issue was proposed were at It is to be assumed, I believe, that the people n 0 time seriously questioned. 0f Illinois wish to have a first-rate system of higher education and that they believe these needs ought to be met, but that they prefer that these needs be financed in ways other than general obligation bonds. We look forward to working with the Governor and the General Assembly in defining next steps. T h e capital budget of the University as approved by the Board of Trustees for the next biennium is $54,879,000. THE OPERATION BUDGET The operation budget for 1959-61 has been filed with the Department of Finance. It was submitted by the President, and approved by the Board of Trustees, after the usual careful preparation by the University Budget Committee and in consultation with the University Council. While substantial reductions were made by the Budget Committee in the original estimates prepared by the colleges, schools, institutes, and other units, the estimates as submitted represent a firm ground for continuing progress. The requested increase for the biennium is in the amount of $26,948,000, or approximately 26 per cent of the current appropriation. T h e total requested budget of $131,510,000 includes $118,410,000 from tax resources of the state and $13,100,000 from Universitv income. Mandatory Increases Of the $26,948,000, $10,248,000 may be classified as for mandatory increases. This amount is necessary for increased contribution to the University Retirement System, including some improvements, the amount to continue for a full biennium certain expenses of the present budget carried for only one year, the increase necessary for expense and equipment to meet rising costs, and to continue on a permanent basis expenditures financed this year temporarily from savings. There is also the amount required to put new buildings in operation and to staff the expected additional enrolments. The difference between the amount requested and the mandatory increases noted above is lor three items: $4,100,000 is for improvement in the ducational programs, $600,000 is for health insurance, and $12,000,000 is for salary adjustments. Improving the Educational Pro nun The amounts requested by deans and directors lor improving the educa tional program in the biennium was $11 14,000. Tins sum was reduced in 23
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