The UW System Board of Regents on Thursday approved a 2017-18 operating budget that sets nonresident and graduate and professional school tuition rates for the coming academic year as well as rates for housing and student fees. The operating budget shows increased revenues for UW-Madison across all funds of approximately 2.5 percent.
However, the approved budget also shifts to other system schools a percentage of returned lapse funding that would traditionally go to UW-Madison. The shift came after UW System leaders stressed that all campuses continue to face financial challenges heading into the new biennium.
While UW-Madison leaders agreed, as a one-time measure, to share some portion of the normal allocation for the $50 million in returned lapse funding, Chancellor Rebecca Blank raised concerns about the size of the reduction prior to the vote. UW-Madison will receive approximately $13 million less over the biennium under the recalculated allocation of the lapsed dollars. The allocation formula for the other state dollars received by the UW System remains unchanged.