Thursday, June 16, 2016

Regents approve UW System budget increasing student fees, spending from reserves - NICO SAVIDGE, Wisconsin State Journal

The University of Wisconsin System will increase student fees and continue tapping controversial reserve funds under a $6.2 billion operating budget that UW’s governing Board of Regents approved Thursday afternoon. The 2016-17 operating budget calls for the System to spend $160 million in the coming fiscal year from its reserve funds, which officials say have been draining since they caused a political firestorm when lawmakers discovered them in 2012. Individual UW campuses will also use reserve funds to shore up their budgets. UW-Madison, for example, will spend $15.1 million from its reserve, for a total operating budget of $2.8 billion.

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