The time is right to consider changes to UW-Madison’s budget practices.
The University has followed the same approach to allocation of its base budget since the UW System merger more than 40 years ago. Scrutiny of public resource stewardship has intensified. UW-Madison’s educational and research programs are undergoing major innovations.
For these and other reasons, UW-Madison Chancellor Rebecca Blank and the faculty University Committee – in consultation with other shared governance groups – appointed a faculty, staff and student committee to analyze and recommend alternatives for a new budget model. After five months of work, the Budget Model Development Committee forwarded to the Chancellor recommendations for a new model. The proposed model would be more transparent, allow some resources to shift based on objective measures of activity and provide incentives for innovation. Read the committee’s full report.
A previous faculty, staff and student committee, known as the Budget Model Review Committee, concluded that the current model no longer meets campus needs and that it’s time for a change. Read that committee’s white paper.
Before final decisions are made, Chancellor Blank will seek feedback from school and college leadership, governance groups and other campus stakeholders. The committee report and campus engagement will lay the groundwork for a more transparent, coherent and sustainable budget model.
- UW-Madison News – Committee offers recommendations on new budget model October 14, 2014
- Blank’s Slate – A new budget model: More flexibility and transparency October 28, 2014
- Presentation from Budget Model Campus Forums October 30 and November 3, 2014