MILWAUKEE (AP) - Several regents of the University of Wisconsin System say UW officials should have been more transparent about their financial numbers, so lawmakers wouldn't have felt blindsided by news of a cash surplus.
The Joint Finance Committee recently voted to slash the UW System's budget. That was partly because an audit showed the system had $650 million in reserves at one point.
The regents met Thursday in Milwaukee. Several said lawmakers might not have reacted so harshly had the UW System been clearer about how much money it had.
Regent Jose Vasquez said officials should have clarified that much of the money is already earmarked, and not just sitting in the bank.
Regent Tim Higgins said the board needs to make sure legislators know the money entrusted to the UW System is being used wisely.
- Local family shares story of premature birth
- Area climate activists voice their opinions over Trump's policies
- Popular Netflix series starts suicide conversation
- Local police, organization work to reduce excessive drinking behavior
- Road closures in La Crosse this weekend
- Get rid of your unused or unwanted prescription medications this Saturday
- News 8 Sports Round Up- April 29, 2017
- La Crosse marshland gets a cleanup
- La Crosse Neighbors Day moves ahead with new leadership
- ATF lets some Minnesota gun buyers skip background checks