Saturday, November 21, 2020

UW-Madison tightens belt in $300 million budget crunch - KELLY MEYERHOFER Wisconsin State Journal

Facing a coronavirus-induced “budget crisis” that exceeds $300 million, the University of Wisconsin-Madison has announced another round of furloughs and pay cuts for the first six months of 2021. “We are not out of the woods yet,” Chancellor Rebecca Blank said in an Oct. 26 message to the campus community. “The pandemic will affect UW into 2021 and beyond.” Roughly 16,000 university employees will take between three and six unpaid days off between Jan. 1 and June 30, reducing their pay between 2.5% and 4.6%. Blank and vice chancellors will take a 15% salary cut over those same six months. School and college deans will take voluntary 10% salary cuts.

 https://www.lakegenevanews.net/news/local/uw-madison-tightens-belt-in-300-million-budget-crunch/article_6feb439c-586c-57c5-90f1-4d8e67b0b160.html