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Board approves UW System’s 2021-22 Annual Operating Budget (day 1 news summary)
Thursday, July 8, 2021
MADISON – The University of Wisconsin System Board of Regents unanimously voted Thursday to approve a $6.564 billion annual operating budget for 2021-22.
Key takeaways of the annual budget presented by Sean Nelson, Vice President of Finance, include:
State operational funding (GPR) increased $42.3 million or 4.4%
Includes Pay Plan increase for employees
Tuition-setting authority returned to the Board of Regents
The Board’s budget resolution calls for no increase for resident undergraduate tuition
in the upcoming academic year
Average cost of attendance for an in-state student living on campus at UW System’s 4-year universities will increase by 1.0%
MADISON, Wis. (AP) â University of Wisconsin System leaders voted Thursday against raising tuition just hours after Gov. Tony Evers signed a budget that gave them the ability to do so for the first time in years.
The Board of Regents approved a system budget that calls for no resident undergraduate tuition increases for the 2021-22 academic year.
Republican legislators froze resident undergraduate tuition heading into the 2013-14 academic year. That was finally undone on Thursday when Evers signed a Republican-written state budget that, besides handing control of tuition back to the board, includes a $2 billion income tax cut.
Regaining control of tuition was âsomething that we ve all wanted and rightfully deserved,â interim System President Tommy Thompson said, t he Wisconsin State Journal reported.
By SCOTT BAUER
Associated Press
WHITEFISH BAY, Wis. (AP) â Gov. Tony Evers signed the Republican-written state budget Thursday, enacting a two-year spending plan that includes a $2 billion income tax cut while making 50 largely minor partial vetoes, saying unfinished business still needs to be addressed.
The budget will also cut property taxes for the owner of an average home by $100 next year, ends a University of Wisconsin tuition freeze in place for eight years, increases salaries for state employees and basically holds K-12 funding flat.
Evers also announced that schools will be receiving $100 million more in federal funds to use as they wish.
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