Last Tuesday, Dean Kate VandenBosch provided an overview on the latest budget information pertaining to the college. She outlined the overall state funding process, which includes consideration by the legislature’s Joint Finance Committee scheduled for later this week. VandenBosch noted that once the legislature completes their work on the state budget, the UW System Board of Regents will pass along budget decisions to each UW campus before UW-Madison leaders make final decisions about college budgets.
In order to address likely budget changes, Chancellor Blank announced plans to implement anticipated cuts in April. The college’s overall budget for the next fiscal year beginning on July 1 includes a 4% reduction to fund 101. In the short-term, many of the reductions across the college will be met by eliminating currently vacant positions and replacing 101 funding with funds from other sources. The Agricultural Research Stations and CALS administration received the largest reductions to 101 funding.
During the question and answer session, VandenBosch and Senior Associate Dean Dick Straub said they intend to issue a call for new faculty positions later this summer, noting the importance of new faculty hires for the future of the college.
More detail on the reductions can be found in the slides from the May 19 All-College Meeting.