Despite facing millions of dollars in budget cuts, a local university says they are on the right track to recovery.
This morning, UW-Eau Claire’s chancellor held a forum to discuss what more than 12- million dollars in cuts looks like for the university.
The University of Wisconsin System Board of Regents has agreed on a budget that cuts 250 million dollars in state aid, UW-Eau Claire’s portion of that is 12.2 million dollars.
The UW System will draw on 180 million dollars from its reserves to help plug the hole. UW Eau Claire will get eight million dollars from reserves.
Chancellor Jim Schmidt says the university has been planning for these cuts and has already been implementing changes to combat the deficit. “We have not laid off nor do we intend to lay off tenured faculty. There will be additional staff reduction in the next several months. We’ve tried to do this the right way with voluntary separations to help them make those transitions out the door, to avoid as many involuntary separations as possible.”
UW-Eau Claire will also be given a one-time payment of nearly 440 thousand dollars out of a 20 million dollar fund from the UW System to help manage its required reductions.
The state budget will now go to Governor Scott Walker. He says he’ll sign it into law Sunday.