UW-Madison and the State Budget http://budget.wisc.edu Information on the state budget’s impact on the university Thu, 28 May 2015 18:13:36 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 Chamber presidents call for reduction of UW System cuts http://budget.wisc.edu/budget-news/chamber-presidents-call-for-reduction-of-uw-system-cuts/ http://budget.wisc.edu/budget-news/chamber-presidents-call-for-reduction-of-uw-system-cuts/#comments Thu, 28 May 2015 18:13:36 +0000 http://budget.wisc.edu/?p=2550 Funding cuts to the University of Wisconsin System would stall a vital economic engine in Wisconsin, presidents from 10 Chambers of Commerce across Wisconsin said in a letter to the Joint Finance Committee.

The letter, signed by chamber leaders from Madison, Milwaukee, Eau Claire, the Fox Cities, Green Bay, Kenosha, Menomonie, Oshkosh, Portage County and River Falls, can be viewed here. Text is below.

The committee is scheduled to take up the UW System budget on May 29.

 

Members of the Joint Finance Committee:

As the voice of thousands of businesses and hundreds of thousands of workers throughout our state, the Chamber of Commerce signatories below are united in our concern over the proposed cuts to the University of Wisconsin System.

Innovative and prosperous companies are often found in the shadow of great universities and we are fortunate to have world-class universities throughout the state of Wisconsin. They are critical to each and every region’s economic success. The UW System is a vital statewide asset. It serves as an economic engine, a hub for cutting-edge research that creates new businesses and jobs, and a draw for attracting and retaining world-class talent in both students and faculty.

The total economic impact on our state economy of the UW System is more than $20 billion annually, supporting hundreds of thousands of jobs, creating exciting startup businesses and generating an admirable talent pool for our future workforce.

Our level of concern is heightened by the fact that the flexibility originally proposed for the UW System has been eliminated, yet $300 million in cuts remain on the table.   The business community recognizes that you are wrestling with many competing priorities and extremely difficult financial decisions as you do the hard work of assembling the next state budget.

We encourage you, however, to ensure that the UW System’s ability to sustain the economic benefits it provides throughout the state of Wisconsin is not compromised by cuts too large for the UW System to absorb.

We hope you agree that we cannot afford to stall this engine that fuels our state’s economic success. Thank you for your public service and your commitment to growing Wisconsin jobs, businesses and prosperity.

]]>
http://budget.wisc.edu/budget-news/chamber-presidents-call-for-reduction-of-uw-system-cuts/feed/ 0
UW System budget on Joint Finance agenda for May 29 http://budget.wisc.edu/budget-news/uw-system-budget-on-joint-finance-agenda-tomorrow/ http://budget.wisc.edu/budget-news/uw-system-budget-on-joint-finance-agenda-tomorrow/#comments Thu, 28 May 2015 16:13:36 +0000 http://budget.wisc.edu/?p=2543 The state legislature’s Joint Finance Committee is scheduled Friday to take up the UW System budget. The meeting is tentatively slated to begin at 10 a.m. Budget papers can be viewed here. The meeting can be viewed tomorrow on WisconsinEye.

On Wednesday, the committee approved $86 million in bonding for the renovation and expansion of the UW–Madison Chemistry Building. Read more on the committee’s action here.

]]>
http://budget.wisc.edu/budget-news/uw-system-budget-on-joint-finance-agenda-tomorrow/feed/ 0
Changes to state group health insurance http://budget.wisc.edu/budget-news/changes-to-state-group-health-insurance/ http://budget.wisc.edu/budget-news/changes-to-state-group-health-insurance/#comments Thu, 21 May 2015 12:57:52 +0000 http://budget.wisc.edu/?p=2540 On Jan. 1, there will be changes to deductibles, out-of-pocket costs, prescription co-pays and other aspects of the state employee health insurance program. The UW System describes the changes here.

]]>
http://budget.wisc.edu/budget-news/changes-to-state-group-health-insurance/feed/ 0
Video: Chancellors Blank, Mone speak at WisPolitics forum in Milwaukee http://budget.wisc.edu/news/video-chancellors-blank-mone-speak-at-wispolitics-forum/ http://budget.wisc.edu/news/video-chancellors-blank-mone-speak-at-wispolitics-forum/#comments Thu, 14 May 2015 15:00:59 +0000 http://budget.wisc.edu/?p=2532 UW-Madison Chancellor Rebecca Blank and UW-Milwaukee Chancellor Mark Mone discussed the state budget‘s affect on their institutions Wednesday at a forum in Milwaukee organized by WisPolitics.

]]>
http://budget.wisc.edu/news/video-chancellors-blank-mone-speak-at-wispolitics-forum/feed/ 0
Legislative Fiscal Bureau says revenue will be flat http://budget.wisc.edu/budget-news/legislative-fiscal-bureau-says-revenue-will-be-flat/ http://budget.wisc.edu/budget-news/legislative-fiscal-bureau-says-revenue-will-be-flat/#comments Wed, 06 May 2015 21:45:17 +0000 http://budget.wisc.edu/?p=2528 In a memo to the co-chairs of the Joint Finance Committee, Legislative Fiscal Bureau Director Bob Lang says that while 2014-15 tax collections may exceed earlier estimates, collections for the next two fiscal years are expected to grow more slowly than expected, meaning no extra revenue for the 2015-17 state budget.

“On balance, we believe that the current estimates for the three-year period are still reasonable and should not be adjusted,” Lang said.

Read the LFB memo here.

Reaction to the budget news:

No hike in revenue estimates forces tough budget decisions

Update: Vos: Lawmakers to restore K-12 cuts despite lack of new revenue

No additional tax revenue projected in Wisconsin; lawmakers vow K-12 won’t be cut $127 million

]]>
http://budget.wisc.edu/budget-news/legislative-fiscal-bureau-says-revenue-will-be-flat/feed/ 0
Joint Finance co-chair pronounces public authority dead http://budget.wisc.edu/budget-news/joint-finance-co-chair-pronounces-public-authority-dead/ http://budget.wisc.edu/budget-news/joint-finance-co-chair-pronounces-public-authority-dead/#comments Tue, 05 May 2015 18:01:11 +0000 http://budget.wisc.edu/?p=2525 The co-chairs of the Wisconsin legislature’s Joint Finance Committee, said this morning that Gov. Scott Walker’s proposal to create a UW System public authority will not be advanced out of committee.

Rep. John Nygren, R-Marinette, and Sen. Alberta Darling, R-River Hills, also voiced support for lowering the $300 million cut to the UW System proposed in Gov. Scott Walker’s budget.

The UW System budget is expected to be taken up by the committee later this month.

]]>
http://budget.wisc.edu/budget-news/joint-finance-co-chair-pronounces-public-authority-dead/feed/ 0
Update on budget timing, process http://budget.wisc.edu/budget-news/update-on-budget-timing-process/ http://budget.wisc.edu/budget-news/update-on-budget-timing-process/#comments Tue, 28 Apr 2015 19:05:30 +0000 http://budget.wisc.edu/?p=2523 The Joint Finance Committee is expected to take up the UW System budget as it wraps up its work on the 2015-17 state budget in late May. The committee will propose and vote on amendments to Gov. Scott Walker’s proposal, and then pass the full budget bill as amended.

In the week or two after Joint Finance passage, the Legislative Fiscal Bureau will analyze the changes made to the governor’s budget by the committee. When the analysis is completed, the bill will go before the Assembly and Senate for a vote, usually in early- to mid-June. The bills passed by the two legislative houses must be identical.

Once a bill is passed by both houses of the legislature, the governor’s office analyzes the bill and decides whether there should be any vetoes. The governor usually signs the bill, and issues a veto message, a week to two weeks following legislative passage. If legislators disagree with any of the vetoes, they can override them with a two-thirds majority vote in both houses.

The new fiscal year begins July 1.

]]>
http://budget.wisc.edu/budget-news/update-on-budget-timing-process/feed/ 0
Chancellor Blank’s update on budget reductions http://budget.wisc.edu/budget-news/chancellor-blanks-update-on-budget-reductions/ http://budget.wisc.edu/budget-news/chancellor-blanks-update-on-budget-reductions/#comments Fri, 17 Apr 2015 17:13:33 +0000 http://budget.wisc.edu/?p=2517 Chancellor Blank is sharing an update on UW-Madison budget reductions on her blog, Blank’s Slate. Her $36 million plan includes $21 million in budget cuts and redirects an additional $15 million from other campus units to UW’s overall educational mission. The plan includes the elimination of approximately 400 positions. Read more.

 

]]>
http://budget.wisc.edu/budget-news/chancellor-blanks-update-on-budget-reductions/feed/ 0
MadREP passes resolution opposing System budget cuts http://budget.wisc.edu/budget-news/madrep-passes-resolution-opposing-system-budget-cuts/ http://budget.wisc.edu/budget-news/madrep-passes-resolution-opposing-system-budget-cuts/#comments Wed, 15 Apr 2015 15:14:56 +0000 http://budget.wisc.edu/?p=2508 The Madison Region Economic Partnership, the economic development agency for the eight-county region surrounding the state Capitol, has passed a resolution calling for a reduction in the level of cuts proposed to the UW System in the 2015-17 state budget.

“Though the MadREP Board of Directors rarely weighs in on legislative matters, we determined that the threat facing the UW System by these proposed funding cuts is so profound that such an action is warranted,” says Bill White, Chairman of the MadREP Board of Directors. “The University of Wisconsin is a dynamic economic engine that represents one of the region and state’s most important competitive advantages for its role educating our workforce, performing world-class research, and creating new jobs and companies.”

See MadREP’s press release here.

]]>
http://budget.wisc.edu/budget-news/madrep-passes-resolution-opposing-system-budget-cuts/feed/ 0
Study: UW–Madison has $15 billion economic impact on Wisconsin http://budget.wisc.edu/budget-news/study-uw-madison-has-15-billion-economic-impact-on-wisconsin/ http://budget.wisc.edu/budget-news/study-uw-madison-has-15-billion-economic-impact-on-wisconsin/#comments Wed, 15 Apr 2015 15:11:26 +0000 http://budget.wisc.edu/?p=2506 The University of Wisconsin–Madison’s overall economic impact statewide is $15 billion annually, according to a report from Northstar Consulting Group.

The report shows that UW–Madison, UW Hospital and Clinics and the university’s affiliated organizations and startup companies support 193,310 Wisconsin jobs and generate more than $847.5 million in state and local tax revenue. That’s up from 128,146 jobs and $614 million in tax revenue the last time a similar study was completed in 2011.

 

]]>
http://budget.wisc.edu/budget-news/study-uw-madison-has-15-billion-economic-impact-on-wisconsin/feed/ 0