Post by Logan on Jun 12, 2016 19:04:21 GMT -6
Regents approve UW System budget increasing student fees, spending from reserves
The University of Wisconsin System will increase student fees and continue tapping controversial reserve funds under a $6.2 billion operating budget that UW’s governing Board of Regents approved Thursday afternoon.
The 2016-17 operating budget calls for the System to spend $160 million in the coming fiscal year from its reserve funds, which officials say have been draining since they caused a political firestorm when lawmakers discovered them in 2012.
Individual UW campuses will also use reserve funds to shore up their budgets. UW-Madison, for example, will spend $15.1 million from its reserve, for a total operating budget of $2.8 billion.
Student fees will rise by an average of $59 per student at UW campuses under the budget, including a $72 increase at UW-Madison. The cost of campus housing and meal plans will also increase.
Read more: host.madison.com/wsj/news/local/education/university/regents-approve-uw-system-budget-increasing-student-fees-spending-from/article_536ae580-747c-5747-9761-767cc40dadc6.html
The University of Wisconsin System will increase student fees and continue tapping controversial reserve funds under a $6.2 billion operating budget that UW’s governing Board of Regents approved Thursday afternoon.
The 2016-17 operating budget calls for the System to spend $160 million in the coming fiscal year from its reserve funds, which officials say have been draining since they caused a political firestorm when lawmakers discovered them in 2012.
Individual UW campuses will also use reserve funds to shore up their budgets. UW-Madison, for example, will spend $15.1 million from its reserve, for a total operating budget of $2.8 billion.
Student fees will rise by an average of $59 per student at UW campuses under the budget, including a $72 increase at UW-Madison. The cost of campus housing and meal plans will also increase.
Read more: host.madison.com/wsj/news/local/education/university/regents-approve-uw-system-budget-increasing-student-fees-spending-from/article_536ae580-747c-5747-9761-767cc40dadc6.html