A Chicago State University spokesman says the financially troubled school now has enough money to pay its employees through the end of April and the end of the school year. But the South Side university still won't have the money to operate beyond that.
Chicago State had said it would run out of money by the end of March as Illinois' public colleges and universities wait for state funding held up by the budget standoff.
Chicago State has negotiated with the vendors it owes so that it can make payroll through the end of April.
To stretch its finances, the predominantly black Chicago State has already issued notices of potential layoffs to its 900 employees and shortened the spring semester.
