The University of Wisconsin-Stevens Point (UWSP) is anticipating a base-funding cut of about $2.5 million in each of the next two years because of the 2013-15 biennial budget passed by the Wisconsin Legislature and signed by Gov. Scott Walker on Sunday, June 30.
In an email to UWSP on Tuesday, July 2, UWSP Chancellor Bernie Patterson wrote, “university officers will be working with the deans, Faculty Senate and other university governance groups to receive input from the university community about the tough decisions ahead.”
Walker originally included an increase for the UW System in his budget proposals, but the Legislature decided to freeze tuition and decrease funding after the Legislative Fiscal Bureau reported on April 19 that the UW System showed a year-end program balance of $648 million.
UW institutions subsequently showed that $441 million of that balance was already committed for specific purposes and the remaining primary reserve ratio left the system below peer universities.