Fewer UW campuses projecting deficits. But one university has exhausted its reserves

One university has completely depleted its unrestricted reserves — a first in UW System history — that will require the UW System to step in and loan some of its own reserves. And some of the universities projecting to close their deficits in the coming year still need to make “substantial” cuts to achieve that goal, UW officials told the UW Board of Regents at a Thursday meeting on the UW-Milwaukee campus.