Prairie State College Prepares Financial Exigency Plan Due to Budget Deficit

Prairie State College's Board of Trustees is creating a financial exigency policy as a precautionary measure to address an anticipated nearly $8 million budget deficit for the 2026-27 school year. This shortfall stems from delayed property tax payments, a significant enrollment decline since 2010, and a recent tuition freeze. The plan aims to guide the college in fulfilling its obligations if financial challenges escalate.