UW System’s Board of Regents approves $125 million in budget cuts

By Michele Fiore, NewsRadio 620

MADISON — The UW system budget will be slashed by $125 million. UW-Milwaukee is taking the second largest hit.

Budget cuts to state schools are nothing new, but the size of this one has UW-Milwaukee’s chancellor raising an eyebrow.

“There’s a little bit of relief, but it’s gonna be a tough road ahead for us,” said Chancellor Mark Mone.

Chancellor Mone is looking at where to apply the cuts now that the Board of Regents has approved a budget that will leave UW-Milwaukee roughly $13 million short this year.

“And we have two four-hour meetings coming up in the next 10 days,” said Mone.

Here’s how the numbers shake out. UW-Madison suffers the biggest loss, a total of $62 million. UW-Milwaukee is second with an $18 million loss.

To offset that, schools will share $25 million from the state. UW-Milwaukee gets nearly 20 percent of that. In addition, the school gets a one-time gift of $4.5 million.

Read full story

Share