Wis. budget committee approves $123M in cuts - SCOTT BAUER, BUSINESSWEEK

The Legislature's budget-writing committee approved slashing about $123 million across state government on Wednesday, with more than a third of those cuts falling to the University of Wisconsin System. The $46 million cut to the university is on top of $250 million in budget cuts the system took in the two-year budget passed last year. All of the new cuts, including those for the university, must be absorbed by July. The total amount of the cuts had been approved in the two-year budget passed by the Republican-controlled Legislature last year, but how those cuts would be distributed wasn't detailed by Gov. Scott Walker's administration until December.