Governor cuts nearly 20 percent of Illinois Ventures' budget

Illinois Ventures, the University of Illinois subsidiary created to support start-up companies, has had its budget cut by almost 20 percent.

Using his amendatory veto power to trim $463 million from the state budget, Gov. Rod Blagojevich vetoed a $750,000 grant to Illinois Ventures, appropriated through the Illinois Department of Commerce and Economic Opportunity. University officials have vowed to try to recover the money.

Also on this date

• Watkins won't enroll at Illinois this fall
• Yapp fired as director of Renaissance Danville
• New grade school library makes its debut to cheers
• Some Champaign schools out early
• Suspect faces life in prison if found guilty of Rantoul shooting
• Boating accident leaves Danville man dead
• Monticello council hears about new garden business
• Champaign school district wants public involved in planning
• Man arraigned in Rantoul murder case
• Obituaries

» More