Leaders from across the University of Wisconsin System sounded a collective alarm Thursday during a Board of Regents meeting on the UW-Madison campus, stressing that state budget cuts would deeply impact students.... Due to a projected $5.7 billion state budget shortfall and a deepening recession, UW-Madison would need to absorb $63.4 million in cuts over the next two years if Gov. Jim Doyle’s recommended 2009-11 biennium budget passes in its current form.