Monday, June 17, 2024

6 Universities of Wisconsin campuses expect structural deficits in FY25 - Natalie Schwartz, Higher Ed Dive

Nearly half of Universities of Wisconsin campuses are projected to have structural deficits in the 2025 fiscal year, according to budget documents presented to the system’s board last week. Six out of 13 of the system’s campuses are expected to have ongoing expenses that exceed their recurring revenue. However, this marks an improvement from the previous fiscal year’s budget, which reported structural deficits at 10 campuses. Universities of Wisconsin System President Jay Rothman noted during a board meeting Thursday that some of the institutions projecting deficits still need to “effect some substantial budget reductions.” But he also stressed that state lawmakers must increase their investment into the system.