With its withering condemnation of the size of the University of Wisconsin’s cash reserves, and its threats of tuition freezes, scaling back on System flexibility, and rebuke of the Board of Regents, the state legislature has again proven itself incapable of responsible leadership.
Look, the UW System needs to account to the public for the 650-Million dollars in reserves, what that money is intended for and what constitutes fiscal responsibility. It’s pretty simply really: be transparent, and work with the legislature on an agreed upon use of tuition dollars for reserves – to the extent the legislature deserves one for a 15-percent stake in an increasing privately funded system. But that’s what we called for: answer the questions.
Instead the legislature blustered and threatened and raised the very real possibility that its “punishment” of the University would do more harm to the state than the reserve fund would. We deserve answers, not name calling.