The proposal, based on a unanimous recommendation by the Chicago Board of Ethics, now heads to a final vote at the City Council meeting set for June 12.
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The complex formula, mirroring K-12 overhauls, prioritizes adequate and equitable funding for historically underfunded regional and minority-serving institutions. The State of Illinois is exploring a novel funding model for its 12 four-year public colleges and universities that, if executed as proposed, would distribute state funds more equitably in ways that would particularly benefit regional and minority-serving institutions.
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