URBANA, Ill. (CBS) — Despite growing financial problems, the University of Illinois is giving raises to faculty members.

As WBBM Newsradio’s David Roe reports, U of I managers say despite the fact the school is operating in a tough financial environment, they plan to give faculty members merit-based raises this summer averaging 2.5 percent.

U o I vice president for academic affairs Christophe Pierre says any raises will be questioned, with the school’s state funding dropping by $44 million this fiscal year.

But Pierre and others gathered at a meeting Tuesday on the Urbana-Champaign campus said the university has to keep salaries competitive to draw and retain top talent.

Associate Vice President for Planning and Budgeting Randy Kangas says other Big Ten schools are planning raises of 1 to 3 percent.

Officials say the raises aren’t automatic and some employees may not get them.

LISTEN: WBBM Newsradio’s David Roe reports

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