Current:Home > StocksU of Wisconsin regents agree to ask Gov. Tony Evers for $855 million budget increase -SecureNest Finance
U of Wisconsin regents agree to ask Gov. Tony Evers for $855 million budget increase
View
Date:2025-04-16 19:39:42
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! (8796)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Paris Olympics highlights: USA adds medals in swimming, gymnastics, fencing
- William Calley, who led the My Lai massacre that shamed US military in Vietnam, has died
- Venezuelan migration could surge after Maduro claims election victory
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Taylor Swift “Completely in Shock” After Stabbing Attack at Themed Event in England
- Look: Ravens' Derrick Henry reviews USA rugby's Ilona Maher's viral stiff arm in 2024 Paris Olympics: 'She got it'
- The best way to watch the Paris Olympics? Hint: It isn't live.
- Meta releases AI model to enhance Metaverse experience
- Son of drug kingpin ‘El Chapo’ pleads not guilty to drug trafficking charges in Chicago
Ranking
- Trump wants to turn the clock on daylight saving time
- Taylor Fritz playing tennis at Olympics could hurt his career. This is why he's in Paris
- 2024 Olympics: Coco Gauff Tears Up After Controversial Call From Tennis Umpire
- Severe thunderstorms to hit Midwest with damaging winds, golf ball-size hail on Tuesday
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Meta agrees to $1.4B settlement with Texas in privacy lawsuit over facial recognition
- Terrell Davis says United banned him after flight incident. Airline says it was already rescinded
- Paris Olympics highlights: USA adds medals in swimming, gymnastics, fencing
Recommendation
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
How Stephen Nedoroscik delivered on pommel horse to seal US gymnastics' Olympic bronze
Suspected Balkan drug smuggler 'Pirate of the Unknown' extradited to US
Law school grads could earn licenses through work rather than bar exam in some states
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Income gap between Black and white US residents shrank between Gen Xers and millennials, study says
Hearing about deadly Titanic submersible implosion to take place in September
Angelina Jolie and Brad Pitt's Son Pax Hospitalized With Head Injury After Bike Accident