Budget + Tax

NIU board to vote on $600,000 severance package for former president

NIU board to vote on $600,000 severance package for former president

The Board of Trustees at Northern Illinois University granted a $600,000 severance package to outgoing university President Doug Baker, who resigned following a state investigation into his management of the university. But after a court struck down that agreement, the board is set to vote again.

Illinois borrowing $750M at near-junk credit rating

Illinois borrowing $750M at near-junk credit rating

The state is borrowing millions to finance capital construction projects and information technology improvements. But Illinoisans continue to pay for the worst credit rating of any state in the nation.

By Austin Berg