Finances

Next year the state will have a new way to dispose of dead bodies where no next of kin is found or families don’t have the means to pay for a burial… and it could benefit students.

The chancellor of Southern Illinois University wants to eliminate academic departments and department heads amid plummeting enrollment and deteriorating finances.

The University of Illinois has a new budget for 2018, and the spending plan holds the line on student tuition.

The state of Illinois is among the states leading the nation in the number of college freshmen pursuing higher education in other states.

The University of Illinois' Chief Financial Officer says the state of Illinois is dragging its credit rating down.  

Former U.S. Congressman Aaron Schock failed to file a financial disclosure statement within 30 days after leaving office.  That’s according to a report from Politico. The report also says Schock is using leftover campaign funds to pay one staffer’s legal fees. The report also says it’s unclear if Schock repaid the government for thousands-of-dollars in questionable mileage reimbursements. The news comes as questions surrounding Schock’s congressional finances practices are the subject of an ongoing federal criminal investigation.   

We have an updated picture of how Illinois Governor Bruce Rauner is making money.

Caterpillar Inc. says a federal grand jury is investigating the Peoria based company's financial dealings in the U.S. and abroad.

Owners of Peoria Chief’s Stadium are working on a financial restructuring for the struggling ball park. It consists of three parts: new owner investments, revenue from local corporations including Caterpillar and Bradley University, and debt forgiveness. That means a bank loan reduction and the city of Peoria forgiving one point two million in bond debt. Peoria Mayor Jim Ardis says it’s important for the city to support the park because not many communities Peoria’s size  have a farm team for a major league team. He says seeing the stadium shutdown would not be good for the city.