Massive University of Wisconsin Slush Fund Discovered


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BREAKING NEWS - Massive University of Wisconsin Slush Fund Discovered
By Brian Fraley
RightWisconsin.com
Published: 1:30 PM April 19, 2013

Hundreds of Millions of Dollars Hoarded as Tuition Skyrocketed

UPDATE: From a Legislative Fiscal Bureau memo confirming the existence of the massive UW Slush Fund:

[quote]The UW System had a tuition balance of $414.1 million as of June 30, 2012. By comparison, the UW System’s tuition balance was $212.8 million as of June

30, 2009. During this time period, base resident undergraduate tuition increased by 5.5% annually.

It should be noted that the UW System’s tuition balance increased significantly at the same time that the UW System has been subject to significant GPR funding reductions and lapses.
[/quote]
Three things worth noting in this story:

  • In the years when UW was jacking up tuition, this “slush fund” almost doubled (from ~$213M to ~$414M) in 3 years and has been growing;

  • In the years when UW was poor-mouthing for more $$ from the WI legislature, this “slush fund” almost doubled and has been growing;

  • Lack of public visibility translates to lack of accountability; this $$ could have been misused with near impunity (I wonder if the campaigns to recall Gov. Walker and turn out WSC Justice Prosser may have received $$ from this slush fund?).