Current:Home > StocksU of Wisconsin regents agree to ask Gov. Tony Evers for $855 million budget increase -TruePath Finance
U of Wisconsin regents agree to ask Gov. Tony Evers for $855 million budget increase
View
Date:2025-04-18 19:51:32
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! (39)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Russia launched a record 90 drones over Ukraine during the early hours of the new year
- Housing, climate change, assault weapons ban on agenda as Rhode Island lawmakers start new session
- 7,000 pounds of ground beef sold across U.S. recalled over E. Coli contamination concerns
- Why members of two of EPA's influential science advisory committees were let go
- Ex-NBA G League player, former girlfriend to face charges together in woman's killing in Vegas
- Prosecutors accuse Sen. Bob Menendez of introducing Qatari royal family member to aid NJ businessman
- Stock market today: Asian markets track Wall Street’s decline, eroding last year’s gains
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- US women are stocking up on abortion pills, especially when there is news about restrictions
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Harvard president Claudine Gay resigns amid plagiarism claims, backlash from antisemitism testimony
- EU targets world’s biggest diamond miner as part of Russia war sanctions
- Thompson and Guest to run for reelection in Mississippi, both confirm as qualifying period opens
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Shawn Mendes Shares Message About “Lows of Life” Amid Mental Health Journey
- Stock market today: Asian markets track Wall Street’s decline, eroding last year’s gains
- Mountain Dew Baja Blast available in stores nationwide for all of 2024, not just Taco Bell
Recommendation
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Alessandra Ambrosio and Look-Alike Daughter Anja Twin in Sparkly Dresses for NYE Celebration
New Mexico regulators revoke the licenses of 2 marijuana grow operations and levies $2M in fines
How to Watch the 2024 Golden Globes Ceremony on TV and Online
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Butt-slapping accusation leads to 20 months of limbo for teen in slow-moving SafeSport Center case
Gas prices fall under 3 bucks a gallon at majority of U.S. stations
Coach-to-player comms, sideline tablets tested in bowl games, but some schools decided to hold off