Current:Home > StocksU of Wisconsin regents agree to ask Gov. Tony Evers for $855 million budget increase -Core Financial Strategies
U of Wisconsin regents agree to ask Gov. Tony Evers for $855 million budget increase
View
Date:2025-04-27 19:19:05
MADISON, 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! (477)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Got your eclipse glasses? This nonprofit wants you to recycle them after April 8 eclipse
- Oatzempic craze: Should you try the oat drink for weight loss? Experts weigh in.
- Pete Townshend on the return of Tommy to Broadway
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- 2024 men's NCAA Tournament expert picks: Predictions for Saturday's Final Four games
- Michelle Troconis' family defends one of the most hated women in America
- How three former high school coaches reached the 2024 men's Final Four
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- GA judge rejects Trump's attempt to dismiss charges | The Excerpt
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Sen. Jacky Rosen places $14 million ad reservation in key Nevada Senate race
- RFK Jr. campaign disavows its email calling Jan. 6 defendants activists
- Man shot by police spurs chase through 2 states after stealing cruiser
- Intellectuals vs. The Internet
- Brad Pitt Allegedly Physically Abused Angelina Jolie Before 2016 Plane Incident
- Small plane clips 2 vehicles as it lands on North Carolina highway, but no injuries are reported
- Saniya Rivers won a title at South Carolina and wants another, this time with NC State
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Oatzempic craze: Should you try the oat drink for weight loss? Experts weigh in.
Caitlin Clark reveals which iconic athlete is on her screensaver — and he responds
Last chance to see the NCAA's unicorn? Caitlin Clark's stats put her in league of her own
Meet first time Grammy nominee Charley Crockett
Get Deals on Calista Hair Stylers, 60% Off Lilly Pulitzer, Extra Discounts on Madewell Sale Items & More
Black student group at private Missouri college rallies after report of students using racial slurs
Tennessee bill untangling gun and voting rights restoration advances, but faces uncertain odds