UW System finances still ‘relatively strong’ as reserves drop

While budget cuts are occurring on campuses across the University of Wisconsin System this year, the system’s own annual report released Monday said its financial standing “remained relatively strong” as of June 30, the end of the last fiscal year. That’s just a snapshot in time, UW System officials said, and it does not account for $250 million in state budget cuts that will come into play between this fiscal year and next.