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A portion of receipts from video gambling machines in Peru might help defray students’ costs of attending Illinois Valley Community College.
Peru Alderman Mike Sapienza’s proposal is to crop a percentage of the city’s video gambling receipts to pay about $7.20 per credit hour for students from Peru taking at least 6 credit hours at the college. Sapienza has met with college administrators about the proposal and the college would administrate the program, he said.
He pitched his grant idea Wednesday to the city’s Accounts and Finance Committee, where it received support and more questions about qualifications of students based on academics, residency and income.
Sapienza provided some numbers using current gambling receipts and student records. If the program was funded with $24,000 for each three-month semester, spring and fall but not summer, it could supply about $7.20 per credit hour.
A student’s total credit hour cost starting this summer at the college will be $111. A student taking 6 hours would have a tuition of $666 and receive $43 from the Peru gambling grant.
That’s not a lot of help, some acknowledged.
“It hardly moves the needle on getting people into college,” said Alderman Mike Radtke, committee member.
Sapienza suggested the Peru grant come in ahead of other grants so it goes to tuition. Alderman Dave Potthoff of the committee suggested that if other grants are funding students, those should kick in before Peru’s grant.
Potthoff also suggested that Peru’s grant be contingent on income. Sapienza was cool on that idea.
“What are we saying to a guy who makes a lot of money? We’re going to penalize you,” Sapienza said.
“Think about income levels,” Potthoff said. “You’re going to get more bang for your buck.”
There are more details to be worked out with the college, Sapienza said. The grant is tentatively set to begin this fall. He planned to present his idea to the city council at its meeting Monday.
“Nothing’s perfect the first time around,” Sapienza said.
Posted: Saturday, May 3, 2014
Article comment by:
Peru Alderman: Mike Sapienza,
Mike, youâ€™re an elected official in the City of Peru, Il. THE CHILDREN OF PERU NECESSITATE A SWIMMING POOL......
Procure the video gambling monies from the state of Illinois and develop and or write a grant that will assist in the construction of a community outdoor swimming pool in the park.
The IVCC Finance Committee and Board of Trustees have become desperate soliciting gambling money from deprived children who ought to have the opportunity to enjoy an outdoor summer recreation experience.
Iâ€™m sure the Financial Committee, C., and J. want to administer the gambling monies. This will ensure their future at the public trough. Sounds more like a trucking company to me.
Ifâ€¦ it has anything to do with cash, itâ€™s flies on .â€¦â€¦.!
Sounds like THE LARRY got to you MIKE. LOL.
Posted: Thursday, May 1, 2014
Article comment by:
Wasn't the state lottery supposed to help with the schools???
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