The University of Wisconsin System estimates COVID-19 has cost campuses a net $318 million loss from last March through the end of 2020. Never has a financial landscape like the one currently facing the System made a better case for giving campuses the authority to borrow, officials told the UW Board of Regents at a Thursday meeting, just days before the 2021-23 state budget process begins when Gov. Tony Evers unveils his proposal Feb. 16.
