Chicago State U Declares Financial Exigency

Chicago State University on Thursday declared that it was in a state of financial exigency due to the state failing to adopt a budget and provide funds, The Chicago Tribune reported. All public colleges and universities in the state have been voicing concerns about the impact of the state's inaction, but Chicago State has been warning that it may run out of money by next month. A state of financial exigency, under guidelines of the American Association of University Professors, means that a college's financial condition is so dire as to justify speedier elimination of faculty jobs, including tenured faculty jobs.