KENOSHA (WKOW) – Top officials in the University of Wisconsin System will be reviewing a proposed policy on Thursday at UW-Parkside in Kenosha to talk about how much cash campuses should keep on hand.
The UW System Board of Regents will meet Thursday morning and then break off into committees. The business and finance committee will discuss the proposal on how to calculate appropriate reserve levels. System officials have proposed requiring campuses to keep at least 10 percent of their reserves at all times. Institutions would have to justify reserves that would exceed 15 percent.
The proposed policy review comes after news broke this spring that the system built up massive reserves while hiking up tuition every year for six years.
If the committee approves the policy, the entire board will vote on it Friday.
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