UW reserves stood at $1.7 billion

By: AP Email
By: AP Email

MADISON, Wis. (AP) -- New figures from the University of Wisconsin System show the system finished the first three quarters of fiscal year 2013-14 with more than $1.7 billion on hand.

The system released data Thursday that shows campuses had a combined $1.73 billion on hand at the end of March. System officials expect to finish the fiscal year on June 30 with $1.1 billion on hand.

System officials have taken intense criticism over the last year for ending fiscal year 2012 with a $1 billion surplus while raising tuition year after year.

The Board of Regents are poised to adopt a new policy setting limits on cash on hand on Friday.

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