UW System says they’re running out of money, but they have a $1 slush fund and are adding administrators at a breakneck pace. What gives? Read More Top-Heavy Administration, Declining Enrollment Driving UW System’s Deficits
A budget audit by the nonpartisan Legislative Audit Bureau found $1.33 billion in “slush fund” balances for the University of Wisconsin System. Read More UW System Audit: Program Reserves Top $1.3 Billion
[bctt tweet=”Proposed operating and capital budgets flush @UWSystem with $1.2 billion in new spending, despite record-high program revenue balances. @MacIverWisc #WIright #WIbudget” username=”MacIverWisc”] March 18, 2019 Analysis By Ola Lisowski Gov. Tony Evers’ biennial budget proposal for 2019-21 puts a big emphasis on education. As the former Superintendent of the state Department of Public Instruction (DPI), it’s a natural fit. As we wrote last week, the new governor’s budget would spend at least $1.5 billion more on K-12 schools. How much would he spend on higher education? That’s what we’ll break down today. Overall, the plan proposes $175 million more for …
By Jessica Murphy – Today, the Joint Finance Committee (JFC) will vote on the 2017-19 UW System budget. One key concern that will reappear in this decision – the millions in surplus funds that the UW System has left almost untouched, even after the legislature’s requirement to spend more of this “slush fund.” Read More Four Years After the Slush Fund Scandal: Where Does the UW Stand?
Though the campuses of the UW System have been peddling scenarios of doom and gloom ever since the last budget cut, system administrators have suddenly turned up $55 million in savings, which amounts to 44 percent of the current annual cut. What they choose to spend it on will speak volumes about the System’s true financial situation. Read More After Supporters Claim Less State Aid Would Decimate the UW, Cross Finds $55 Million Lying Around for Salary Increases