Current:Home > StocksChainkeen Exchange-U of Wisconsin regents agree to ask Gov. Tony Evers for $855 million budget increase -Streamline Finance
Chainkeen Exchange-U of Wisconsin regents agree to ask Gov. Tony Evers for $855 million budget increase
PredictIQ View
Date:2025-04-07 14:28:37
MADISON,Chainkeen Exchange Wis. (AP) — Universities of Wisconsin regents agreed overwhelmingly on Thursday to ask Gov. Tony Evers for an additional $855 million for the cash-strapped system in the next state budget.
UW system President Jay Rothman has promised he won’t seek to raise tuition during the life of the two-year spending plan if the system gets the money.
Tuition and student fees at the University of Wisconsin-Madison, the system’s flagship campus, now total $11,606 a year for in-state undergraduates. The total cost to attend the university for a year is about $30,000 when factoring in room and board, educational supplies and other costs.
The UW system’s budget for the current fiscal year stands at $7.95 billion. The additional $855 million would represent a 10.8% increase.
Regent Ashok Rai, chair of the regents’ business and finance committee, warned as he presented the budget request to the full board that inflation is preventing campuses from making investments. The system has cut expenses as much as possible and if the state won’t give the system the addtional money it will have to come from students and their parents, Rai said.
“This is a way forward for the state of Wisconsin,” Rai said of the additional money.
The system’s financial struggles have intensified as state aid plummeted from almost 42% of UW’s revenue in the 1984-85 academic year to 17.5% this year.
The drop in state aid coupled with declining enrollment has left campuses more dependent on tuition. Six of the system’s 13 four-year campuses face a deficit heading into this academic year and UW officials have announced plans to close six two-year branch campuses since last year.
The $855 million in additional funding would cover an 8% across-the-board salary increase for faculty and staff. It would also help expand the Wisconsin Tuition Promise, a program that covers tuition and fees for low-income students.
The program covered students whose families earned $62,000 or less after its debut in 2023. Financial constraints put the program on hold this year except at UW-Madison and UW-Milwaukee. UW plans to restart it next fall for students whose families earn $55,000 or less, using mostly money from within system administration. A state funding increase would enable it to expand to families with incomes up to $71,000 beginning in 2026.
The new money also would keep two-year branch campuses open, Rothman has said.
The regents ultimately approved the request on a unanimous voice vote. But the ask is just the initial step in the grueling budget-making process.
Evers will consider the request as he crafts his 2025-27 state budget. He’ll give the spending plan early next year to the Legislature’s finance committee, which will spend weeks revising it ahead of full legislative approval. The budget will then go back to the governor, who can use his partial veto powers to rework the document one last time before signing it into law.
Evers has already promised to give the university system more than $800 million. The governor’s spokesperson, Britt Cudaback, said Evers “looks forward to meeting or exceeding the budget request approved by the Board of Regents.”
Even if Evers includes the new money in his budget, it’s far from certain UW will get it.
If Republican legislators retain control of even one house in November’s elections, the odds are slim they’d give UW more than a fraction of the money. Republicans see the university system as a bastion of liberal thought.
The GOP cut a quarter of a billion dollars from UW’s budget in the 2015-17 state budget and imposed an eight-year tuition freeze that they didn’t lift until 2021. They withheld $32 million from the system in the current state budget, releasing it only after regents agreed to limit diversity and equity initiatives.
Aides to Sen. Howard Marklein and Rep. Mark Born, Republican co-chairs of the Legislature’s finance committee, didn’t immediately respond to messages seeking comment on the request.
veryGood! (413)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Man charged in the murder of Detroit synagogue president Samantha Woll
- The family of a Chicago woman who died in a hotel freezer agrees to a $10 million settlement
- Missile fired from rebel-controlled Yemen misses a container ship in Bab el-Mandeb Strait
- How breaking emerged from battles in the burning Bronx to the Paris Olympics stage
- An investigation opens into the death of a French actress who accused Depardieu of sexual misconduct
- Buying a car? FTC reveals new CARS Rule to protect consumers from illegal dealership scams
- Hunter Biden defies a GOP congressional subpoena. ‘He just got into more trouble,’ Rep. Comer says
- Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
- 13-year-old accused of plotting mass shooting at Temple Israel synagogue in Ohio
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Naval officer jailed in Japan in deadly crash is transferred to US custody, his family says
- 11 students hospitalized after fire extinguisher discharges in Virginia school
- Q&A: Catherine Coleman Flowers Talks COP28, Rural Alabama, and the Path Toward a ‘Just Transition’
- IOC's decision to separate speed climbing from other disciplines paying off
- Top EU official lauds Italy-Albania migration deal but a court and a rights commissioner have doubts
- How are Houthi attacks on ships in the Red Sea affecting global trade?
- Roger Goodell responds to criticism of NFL officials for Kadarius Toney penalty
Recommendation
Beware of giant spiders: Thousands of tarantulas to emerge in 3 states for mating season
Students say their New York school's cellphone ban helped improve their mental health
Missile fired from rebel-controlled Yemen misses a container ship in Bab el-Mandeb Strait
NFL Week 15 picks: Will Cowboys ride high again vs. Bills?
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
A judge may rule on Wyoming’s abortion laws, including the first explicit US ban on abortion pills
Kyiv protesters demand more spending on the Ukraine’s war effort and less on local projects
Ireland’s prime minister urges EU leaders to call for Gaza cease-fire at their summit