Current:Home > StocksWill Sage Astor-U of Wisconsin regents agree to ask Gov. Tony Evers for $855 million budget increase -MoneyBase
Will Sage Astor-U of Wisconsin regents agree to ask Gov. Tony Evers for $855 million budget increase
Indexbit View
Date:2025-04-10 23:25:37
MADISON,Will Sage Astor 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! (212)
Related
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- FAFSA delays prompt California lawmakers to extend deadline for student financial aid applications
- There's so much electronic waste in the world it could span the equator – and it's still growing
- Garland dismisses criticism that he should have altered Hur report as absurd
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Viral ad campaign challenges perceptions for World Down Syndrome Day 2024
- How one group is helping New York City students reverse pandemic learning loss
- Josh Peck Breaks Silence on Drake Bell's Quiet on Set Docuseries Revelation
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Little Rock, Arkansas, airport executive director shot by federal agents dies from injuries
Ranking
- Trump issues order to ban transgender troops from serving openly in the military
- Annoyed With Your Internet Connection? This Top-Rated Wi-Fi Extender Is $15 during Amazon's Big Sale
- How Chinese science fiction went from underground magazines to Netflix extravaganza
- Two weeks later: The hunt for missing Mizzou student Riley Strain in Nashville
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Shania Twain Responds to Lukas Gage Apologizing for Wasting Her Time With Chris Appleton Wedding
- Facebook owner, Microsoft, X and Match side with Epic Games in Apple lawsuit
- Riley Strain Case: College Student Found Dead 2 Weeks After Going Missing
Recommendation
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Kamala Harris set to make first trip to Puerto Rico as VP as Democrats reach out to Latino voters
What is spiritual narcissism? These narcissists are at your church, yoga class and more
Create a digital will or control what Meta shares with savvy tech tips
What do we know about the mysterious drones reported flying over New Jersey?
Bird flu is causing thousands of seal deaths. Scientists aren’t sure how to slow it down
Squatters suspected of killing woman in NYC apartment, stuffing her body in duffle bag, police sources say
Stellantis recalls nearly 285,000 cars to replace side air bags that can explode and hurl shrapnel