This COVID-19 briefing was recorded live on Wednesday, March 31, 2021. Below, you can find a list of all the questions that we covered in the conversation along with the corresponding point in the video where they were discussed:
• Is the university planning furloughs, layoffs, a hiring freeze, pay cuts, etc.? (32:19)
• What about the endowment? Can that be used to address budget challenges? (33:33)
• How will the university protect students from the impact of challenging finances? (34:41)
• Will the university increase tuition and fees? (35:30)
• Is the university planning additional rescissions or budget cuts? If so, how are those decisions made? (36:17)
• Will people continue to work remotely? Are there financial considerations? (37:07)
• What impact will the Staff Voluntary Retirement Program have on campus operations? Is the university looking at extending that program or doing it again next year? (39:20)
• What is the university doing to explore alternative revenue generating opportunities? (40:42)
• What will travel rules be? Will the university approve international travel on university business? (45:22)
• What is the current plan for hiring? (46:56)
• How does the State of Illinois budget affect the university? (48:20)
• The university has reached its With Illinois campaign goal. How does that impact the university’s financial status? (49:29)
• What approaches have Athletics used to mitigate the revenue shortfalls? (52:42)
• How will this year impact the university’s future financial picture? (53:51)
• In terms of budget and finance, what has the university learned in the past year, and how might that information be used going forward? (55:03)
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