State and UW-System clash over cash reserves - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

State and UW-System clash over cash reserves


Eau Claire (WQOW) - Governor Walker wants a tuition freeze. 

This comes after the state reviewed the UW-system budget and found hundreds of millions of dollars in cash reserves.

The report shows the system has nearly $650 million sitting in reserve and more than 400 million of that is tuition dollars. 

Meanwhile the UW-system quoted a different amount, saying it has $82 million of tuition money on reserve. 

Lawmakers are upset the university system isn't using the surplus to keep tuition costs lower and support programs currently under state funding.

At UW-Eau Claire the interim chancellor says the smaller number reported by the UW-system is more accurate because it takes into account where the money will eventually be spent.

"From the point of view of Eau Claire, a lot of what is called surplus is really funds that have been committed, but not spent," says interim chancellor Gilles Bousquet.

Next year's tuition rates are still being decided.

Base tuition across the system's 4-year schools has gone up 5 ½% each year since 2009.

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