Report: UW system fund expected to expand by $150 million
MADISON - The amount of money in the UW system's reserve funds continues to grow.
A published report says the UW System's reserve fund is projected to grow by another $150 million by the end of next month.
Lawmakers from both sides of the aisle criticized the UW system leaders after finding out recently that the system had more than $1 billion in reserve funds, $648 million of which is unrestricted.
At issue: annual 5.5% tuition increases in recent years, and how much taxpayer funding to give the system.
A UW System spokesman tells the Journal Sentinel that the projected increase is a very high-level and very preliminary projection.