FOR IMMEDIATE RELEASE
APRIL 22, 2013
Rep. Kapenga 608-266-3007
Rep. Klenke 608-266-0485
Rep. Kooyenga 608-266-9180
Rep. Marklein 608-266-7502
CPA CAUCUS DILIGENCE LEADS TO DISCOVERY OF UW SURPLUS
Discovery of UW Surplus made after meeting with Legislative Fiscal
by the Legislative Fiscal Bureau released on Friday revealed that the
University of Wisconsin System had cash reserves of $648 million at the end of
the last fiscal year. These reserves were discovered after the CPA (Certified
Public Accountant) Caucus questioned discrepancies found in a state report
during a meeting with analysts at the Legislative Fiscal Bureau.
The UW System has 181,000 students at 26 campuses. Between
2009 and 2012, tuition for UW System schools was rising at 5.5%, generating an
additional $35 million.
“As a graduate of the UW-Whitewater, I know firsthand that
investing in higher education is important for the future of our state.
However, I want to ensure taxpayer resources are used wisely and the
institutions receiving these funds are held accountable. I believe we need to
reassess the Governor’s budget recommendation of a $181 million increase for
the UW System and at a minimum, implement a two-year tuition freeze. It is
unfair to ask taxpayers and the families, who are faced with rising tuition
every school year, to pay more when such a large surplus of funding exists,” said
“I am concerned that the UW System has sheltered the
existence of these assets from the Legislature. We will be taking action to
further study the UW System to ensure that they are good stewards of tuition
dollars and taxpayer funding from GPR (general purpose revenue),” commented
“We need to take a serious look at the $181 million UW
System budget and the several building projects requested with state bonding
help. Still, the first reaction should not be to spend any dollars that may be
reallocated. It’s important to pay down our debt and continue to reduce taxes
and fees,” explained Rep. Klenke.
“The finding proves that it’s time for increased
transparency to not only the taxpayers, who subsidize the UW system, but to the
students who are the end customer. If I
were being charged this amount of money for a service, I would want to know
where my money is going. This is why we
are looking into ways to increase accountability in the UW system,” concluded
Governor Walker and Republicans in the legislature have
called for a two year freeze on tuition. The UW System continues to dispute the
actual dollar amount of the surplus after budget commitments.
the CPA Caucus – The CPA caucus is a group of four legislators dedicated to
identifying cost savings, reducing Wisconsin’s debt burden, and promoting honest,
budgetary accounting principles.
Rep. Chris Kapenga (99th)
Rep. Dale Kooyenga (14th)
Rep. Howard Marklein (51st)
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