The University of Wisconsin Athletic Board Finance Committee unanimously approved a $78.3 million dollar spending authority for the 2006-07 fiscal year at its Tuesday meeting. The proposed budget will now go to the full Athletic Board on Friday for final approval.
The Athletic Department covered a $1.4 million gap from a month ago, cutting more than $700,000 in proposed capital expenditures and projecting an additional $600,000 in revenues due to new courtside seating at the Kohl Center and expanded catering and concessions operations.
….The Finance Committee also unanimously approved a $2 increase in all men’s basketball tickets, which will go to the full Board for approval on Friday.