Chancellor Blank Offers Budget Transparency

Chancellor Rebecca Blank recently sat down with Milwaukee Journal Sentinel reporter Karen Herzog to discuss the university’s budget and how it relates to the upcoming 2015-17 state biennial budget process.

The chancellor told Herzog that she has worked to make UW-Madison’s budget more transparent to lawmakers, work that culminated in the publication of the 2014-15 Budget in Brief (embedded below).

Blank also shared how the campus has drawn down its reserves as a result of the 2013 controversy over UW System’s financial reserves, and deans and directors have been asked to model budget cuts of 2, 4, and 6 percent in anticipation of possible budget cuts from the state.

Blank also made the case for better faculty salaries, stating the university must compete globally for the best faculty. Faculty salaries are currently at the bottom of the university’s peer group — full professors earn almost 13 percent below the peer median.

The full article is expected to run in the November 11 edition of the Journal Sentinel. ETA: The article ran in the November 12 edition of the paper.


2014-15 Budget in Brief